Voss Capital LP Buys New Shares in Talkspace, Inc. (NASDAQ:TALK)

Voss Capital LP purchased a new position in shares of Talkspace, Inc. (NASDAQ:TALK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,288,277 shares of the company’s stock, valued at approximately $3,981,000.

A number of other large investors have also recently added to or reduced their stakes in TALK. Charles Schwab Investment Management Inc. raised its holdings in shares of Talkspace by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 389,312 shares of the company’s stock valued at $1,203,000 after purchasing an additional 10,835 shares during the period. Cibc World Markets Corp acquired a new position in Talkspace during the fourth quarter worth approximately $36,000. Legal & General Group Plc increased its position in Talkspace by 48.5% during the fourth quarter. Legal & General Group Plc now owns 36,146 shares of the company’s stock worth $112,000 after buying an additional 11,809 shares during the last quarter. Sugar Maple Asset Management LLC raised its stake in Talkspace by 75.0% in the fourth quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company’s stock valued at $87,000 after buying an additional 12,000 shares during the period. Finally, Belvedere Trading LLC acquired a new stake in shares of Talkspace in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group assumed coverage on Talkspace in a research note on Thursday, April 3rd. They issued a “buy” rating and a $5.00 price target on the stock. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $4.50.

Insider Transactions at Talkspace

In related news, CEO Jon R. Cohen bought 75,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $2.86 per share, for a total transaction of $214,500.00. Following the transaction, the chief executive officer now owns 2,267,980 shares in the company, valued at $6,486,422.80. The trade was a 3.42 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have acquired 82,270 shares of company stock valued at $235,312. 21.70% of the stock is currently owned by company insiders.

Talkspace Price Performance

TALK stock opened at $2.67 on Monday. The business’s fifty day moving average price is $2.94 and its two-hundred day moving average price is $3.07. The stock has a market capitalization of $449.73 million, a price-to-earnings ratio of 267.27 and a beta of 1.16. Talkspace, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.36.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $48.72 million for the quarter, compared to analyst estimates of $49.94 million. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. Research analysts expect that Talkspace, Inc. will post 0.08 EPS for the current year.

Talkspace Company 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.