Carmignac Gestion Invests $759,000 in Talkspace, Inc. $TALK

Carmignac Gestion bought a new position in shares of Talkspace, Inc. (NASDAQ:TALK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 146,646 shares of the company’s stock, valued at approximately $759,000. Carmignac Gestion owned approximately 0.09% of Talkspace at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Verus Capital Partners LLC bought a new position in Talkspace in the 1st quarter valued at approximately $83,000. Groupe la Francaise bought a new stake in shares of Talkspace during the first quarter worth $3,378,000. Bank of America Corp DE increased its holdings in shares of Talkspace by 63.2% during the first quarter. Bank of America Corp DE now owns 235,250 shares of the company’s stock worth $1,217,000 after buying an additional 91,097 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Talkspace during the first quarter worth $1,553,000. Finally, Royal Bank of Canada lifted its stake in shares of Talkspace by 102.1% in the 1st quarter. Royal Bank of Canada now owns 8,192 shares of the company’s stock valued at $42,000 after acquiring an additional 4,138 shares during the last quarter. Institutional investors own 57.37% of the company’s stock.

Insiders Place Their Bets

In related news, insider John Charles Reilly sold 40,289 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $5.20, for a total transaction of $209,502.80. Following the completion of the transaction, the insider directly owned 1,017,686 shares of the company’s stock, valued at $5,291,967.20. This trade represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 23.50% of the stock is owned by insiders.

Talkspace Price Performance

TALK opened at $5.22 on Monday. Talkspace, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $5.25. The company’s 50 day moving average price is $5.21 and its two-hundred day moving average price is $4.91. The firm has a market capitalization of $874.42 million, a price-to-earnings ratio of 522.52 and a beta of 1.07.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The business had revenue of $61.68 million for the quarter, compared to the consensus estimate of $63.32 million. Talkspace had a net margin of 0.49% and a return on equity of 1.03%. As a group, equities research analysts predict that Talkspace, Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.56.

Talkspace Profile

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.