Talkspace, Inc. (NASDAQ:TALK) Insider John Charles Reilly Purchases 5,470 Shares of Stock

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly purchased 5,470 shares of the stock in a transaction on Tuesday, February 25th. The stock was acquired at an average cost of $2.88 per share, for a total transaction of $15,753.60. Following the completion of the acquisition, the insider now owns 875,266 shares of the company’s stock, valued at $2,520,766.08. The trade was a 0.63 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

John Charles Reilly also recently made the following trade(s):

• On Thursday, February 27th, John Charles Reilly purchased 1,800 shares of Talkspace stock. The stock was acquired at an average cost of $2.81 per share, for a total transaction of $5,058.00.

Talkspace Stock Up 4.0 %

TALK opened at $2.86 on Friday. Talkspace, Inc. has a twelve month low of $1.60 and a twelve month high of $4.36. The company has a 50-day moving average price of $3.27 and a 200 day moving average price of $2.83. The company has a market cap of $483.12 million, a PE ratio of 286.29 and a beta of 1.14.

Talkspace (NASDAQ:TALK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $48.72 million during the quarter, compared to the consensus estimate of $49.94 million. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. As a group, sell-side analysts expect that Talkspace, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Talkspace

Several hedge funds have recently made changes to their positions in TALK. Deutsche Bank AG grew its stake in shares of Talkspace by 103.1% in the 4th quarter. Deutsche Bank AG now owns 4,615,485 shares of the company’s stock valued at $14,262,000 after buying an additional 2,342,913 shares during the period. Voss Capital LP purchased a new position in shares of Talkspace during the 4th quarter worth approximately $3,981,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Talkspace during the 4th quarter worth approximately $3,371,000. Balyasny Asset Management L.P. purchased a new position in shares of Talkspace during the 4th quarter worth approximately $3,179,000. Finally, Metavasi Capital LP purchased a new position in Talkspace in the 4th quarter valued at approximately $2,295,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Mizuho assumed coverage on shares of Talkspace in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a research report on Friday, February 21st. Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. KeyCorp started coverage on shares of Talkspace in a research report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price objective for the company. Finally, Northland Securities started coverage on shares of Talkspace in a research report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price target for the company. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Talkspace has a consensus rating of “Buy” and an average price target of $4.38.

About Talkspace

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.