Talkspace, Inc. $TALK Holdings Decreased by CenterBook Partners LP

CenterBook Partners LP decreased its holdings in shares of Talkspace, Inc. (NASDAQ:TALK) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,361,826 shares of the company’s stock after selling 572,247 shares during the quarter. CenterBook Partners LP owned 0.82% of Talkspace worth $4,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TALK. Cerity Partners LLC purchased a new position in shares of Talkspace during the second quarter valued at $28,000. Xponance Inc. purchased a new position in shares of Talkspace during the third quarter valued at $31,000. Nierenberg Investment Management Company Inc. purchased a new position in shares of Talkspace during the third quarter valued at $32,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Talkspace during the third quarter valued at $35,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Talkspace during the second quarter valued at $39,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Analysts Set New Price Targets

TALK has been the topic of a number of research analyst reports. Northland Securities downgraded Talkspace from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. William Blair downgraded Talkspace from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Wall Street Zen downgraded Talkspace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. KeyCorp downgraded Talkspace from an “overweight” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Barclays lowered their target price on Talkspace from $5.50 to $5.25 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned 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.

Talkspace Price Performance

Shares of NASDAQ TALK opened at $5.22 on Monday. The business’s 50-day moving average price is $5.19 and its two-hundred day moving average price is $4.42. Talkspace, Inc. has a one year low of $2.22 and a one year high of $5.23. The company has a market capitalization of $874.40 million, a P/E ratio of 522.52 and a beta of 1.05.

Talkspace (NASDAQ:TALK) last issued its earnings results on Monday, May 11th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Talkspace had a net margin of 0.49% and a return on equity of 1.03%. The firm had revenue of $61.68 million during the quarter, compared to analysts’ expectations of $63.32 million. On average, equities analysts anticipate that Talkspace, Inc. will post 0.13 EPS for the current year.

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.