Creative Planning Grows Stake in Talkspace, Inc. (NASDAQ:TALK)

Creative Planning boosted its position in shares of Talkspace, Inc. (NASDAQ:TALK) by 30.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,386 shares of the company’s stock after purchasing an additional 6,179 shares during the quarter. Creative Planning’s holdings in Talkspace were worth $55,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Talkspace by 2,480.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company’s stock worth $814,000 after purchasing an additional 340,030 shares during the period. Dimensional Fund Advisors LP purchased a new position in Talkspace during the 2nd quarter worth $921,000. Divisadero Street Capital Management LP boosted its position in Talkspace by 13.2% during the 2nd quarter. Divisadero Street Capital Management LP now owns 3,111,717 shares of the company’s stock valued at $7,157,000 after acquiring an additional 361,717 shares in the last quarter. Vanguard Group Inc. boosted its position in Talkspace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 5,885,681 shares of the company’s stock valued at $21,012,000 after acquiring an additional 84,933 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Talkspace during the 2nd quarter valued at $38,000. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Talkspace Trading Down 2.1 %

Shares of NASDAQ TALK opened at $3.30 on Thursday. The stock has a market capitalization of $557.44 million, a PE ratio of -330.00 and a beta of 1.11. Talkspace, Inc. has a 12-month low of $1.58 and a 12-month high of $3.92. The stock’s fifty day simple moving average is $2.51 and its two-hundred day simple moving average is $2.37.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $47.50 million. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. During the same quarter last year, the firm earned ($0.03) EPS. On average, equities analysts predict that Talkspace, Inc. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays increased their target price on Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th.

Insider Transactions at Talkspace

In other Talkspace news, CFO Ian Jiro Harris acquired 23,100 shares of the stock in a transaction dated Thursday, September 19th. The stock was purchased at an average price of $2.11 per share, with a total value of $48,741.00. Following the transaction, the chief financial officer now directly owns 397,657 shares of the company’s stock, valued at $839,056.27. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 21.70% of the company’s stock.

Talkspace 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.