John Charles Reilly Sells 40,289 Shares of Talkspace (NASDAQ:TALK) Stock

Talkspace, Inc. (NASDAQ:TALK) insider John Charles Reilly sold 40,289 shares of Talkspace stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $5.20, for a total transaction of $209,502.80. Following the transaction, the insider directly owned 1,017,686 shares in the company, valued at $5,291,967.20. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, June 12th, John Charles Reilly sold 55,144 shares of Talkspace stock. The shares were sold at an average price of $5.21, for a total transaction of $287,300.24.

Talkspace Price Performance

TALK stock remained flat at $5.21 during mid-day trading on Monday. 3,209,597 shares of the company’s stock traded hands, compared to its average volume of 1,752,394. The firm’s 50-day simple moving average is $5.19 and its two-hundred day simple moving average is $4.58. Talkspace, Inc. has a one year low of $2.22 and a one year high of $5.23. The stock has a market capitalization of $872.73 million, a price-to-earnings ratio of 521.52 and a beta of 1.05.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TALK shares. Wall Street Zen lowered shares of Talkspace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Northland Securities downgraded shares of Talkspace from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings downgraded Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Canaccord Genuity Group lowered Talkspace from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, William Blair downgraded shares of Talkspace from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.56.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Talkspace by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 142,143 shares of the company’s stock worth $364,000 after acquiring an additional 3,924 shares during the period. Parallel Advisors LLC increased its position in Talkspace by 25.8% during the 3rd quarter. Parallel Advisors LLC now owns 19,500 shares of the company’s stock worth $54,000 after purchasing an additional 4,000 shares in the last quarter. Royal Bank of Canada raised its holdings in Talkspace by 102.1% in the first quarter. Royal Bank of Canada now owns 8,192 shares of the company’s stock valued at $42,000 after buying an additional 4,138 shares during the period. Intech Investment Management LLC increased its holdings in Talkspace by 11.9% in the 4th quarter. Intech Investment Management LLC now owns 49,701 shares of the company’s stock valued at $180,000 after purchasing an additional 5,277 shares in the last quarter. Finally, Invesco Ltd. grew its position in Talkspace by 10.1% in the fourth quarter. Invesco Ltd. now owns 87,765 shares of the company’s stock valued at $319,000 after acquiring an additional 8,015 shares in the last quarter. Institutional investors and hedge funds own 57.37% of the company’s stock.

Talkspace Company 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.