SG Americas Securities LLC Grows Stock Holdings in Talkspace, Inc. $TALK

SG Americas Securities LLC lifted its position in Talkspace, Inc. (NASDAQ:TALK) by 206.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 159,811 shares of the company’s stock after buying an additional 107,657 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Talkspace worth $444,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Talkspace by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company’s stock valued at $19,585,000 after acquiring an additional 469,543 shares during the period. Deutsche Bank AG lifted its position in shares of Talkspace by 10.6% during the first quarter. Deutsche Bank AG now owns 5,104,995 shares of the company’s stock worth $13,069,000 after purchasing an additional 489,510 shares in the last quarter. AWM Investment Company Inc. lifted its position in shares of Talkspace by 3.9% during the first quarter. AWM Investment Company Inc. now owns 3,968,500 shares of the company’s stock worth $10,159,000 after purchasing an additional 150,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Talkspace by 0.8% in the second quarter. Geode Capital Management LLC now owns 3,172,179 shares of the company’s stock valued at $8,820,000 after purchasing an additional 25,508 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in shares of Talkspace by 41.5% in the second quarter. First Eagle Investment Management LLC now owns 1,601,130 shares of the company’s stock valued at $4,451,000 after purchasing an additional 469,280 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Talkspace Price Performance

Talkspace stock opened at $3.41 on Friday. The stock has a market cap of $564.89 million, a PE ratio of 113.70 and a beta of 1.14. The stock’s fifty day moving average is $2.99 and its two-hundred day moving average is $2.82. Talkspace, Inc. has a 1-year low of $2.22 and a 1-year high of $4.36.

Talkspace (NASDAQ:TALK) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Talkspace had a return on equity of 3.75% and a net margin of 1.98%.The business had revenue of $59.38 million for the quarter, compared to the consensus estimate of $57.45 million. Talkspace has set its FY 2025 guidance at EPS. On average, research analysts expect that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Needham & Company LLC upgraded shares of Talkspace from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Friday, October 31st. Canaccord Genuity Group increased their price objective on Talkspace from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Talkspace in a research note on Monday. Finally, Zacks Research upgraded shares of Talkspace from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Talkspace has a consensus rating of “Moderate Buy” and a consensus price target of $5.13.

Talkspace Company Profile

Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.