John Charles Reilly Sells 55,144 Shares of Talkspace (NASDAQ:TALK) Stock

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly sold 55,144 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $5.21, for a total value of $287,300.24. Following the transaction, the insider directly owned 1,057,975 shares in the company, valued at $5,512,049.75. This represents a 4.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Talkspace Stock Performance

TALK stock remained flat at $5.20 on Tuesday. The company had a trading volume of 2,279,269 shares, compared to its average volume of 1,609,962. The company has a fifty day moving average of $5.19 and a two-hundred day moving average of $4.52. Talkspace, Inc. has a 52-week low of $2.22 and a 52-week high of $5.23. The company has a market cap of $871.05 million, a price-to-earnings ratio of 520.52 and a beta of 1.05.

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

Analysts Set New Price Targets

TALK has been the topic of a number of recent analyst reports. Weiss Ratings lowered Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Barclays lowered their target price on Talkspace from $5.50 to $5.25 and set an “equal weight” rating on the stock in a report on Monday, March 9th. William Blair lowered Talkspace from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. KeyCorp lowered Talkspace from an “overweight” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen lowered Talkspace from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Talkspace presently has a consensus rating of “Hold” and a consensus price target of $5.56.

Institutional Trading of Talkspace

Several large investors have recently bought and sold shares of the company. Cerity Partners LLC acquired a new stake in shares of Talkspace during the second quarter valued at $28,000. Xponance Inc. acquired a new stake in shares of Talkspace during the third quarter valued at $31,000. Nierenberg Investment Management Company Inc. acquired a new stake in shares of Talkspace during the third quarter valued at $32,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Talkspace during the third quarter valued at $35,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Talkspace during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

About Talkspace

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.