1,288,277 Shares in Talkspace, Inc. (NASDAQ:TALK) Purchased by Voss Capital LP

Voss Capital LP bought a new stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,288,277 shares of the company's stock, valued at approximately $3,981,000. Voss Capital LP owned approximately 0.76% of Talkspace as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Cibc World Markets Corp acquired a new stake in shares of Talkspace during the fourth quarter worth approximately $36,000. Belvedere Trading LLC bought a new stake in Talkspace during the 4th quarter worth approximately $37,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Talkspace during the 4th quarter valued at $69,000. Sugar Maple Asset Management LLC raised its position in Talkspace by 75.0% in the 4th quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company's stock valued at $87,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Talkspace by 48.5% in the fourth quarter. Legal & General Group Plc now owns 36,146 shares of the company's stock worth $112,000 after purchasing an additional 11,809 shares in the last quarter. Institutional investors own 57.37% of the company's stock.

Analyst Ratings Changes

TALK has been the subject of a number of research analyst reports. Canaccord Genuity Group initiated coverage on Talkspace in a report on Thursday, April 3rd. They issued a "buy" rating and a $5.00 price target for the company. Needham & Company LLC reaffirmed 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 issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Talkspace presently has a consensus rating of "Buy" and an average target price of $4.50.

Talkspace Stock Performance

Shares of NASDAQ:TALK remained flat at $3.12 during trading on Friday. 1,147,343 shares of the stock traded hands, compared to its average volume of 1,830,862. The company has a market capitalization of $525.52 million, a price-to-earnings ratio of 312.31 and a beta of 1.16. The company's fifty day moving average is $2.82 and its 200-day moving average is $3.07. Talkspace, Inc. has a 12 month low of $1.60 and a 12 month high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $48.72 million during the quarter, compared to the consensus estimate of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. On average, research analysts predict that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Talkspace

In related news, CEO Jon R. Cohen purchased 75,000 shares of Talkspace stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $2.86 per share, with a total value of $214,500.00. Following the completion of the transaction, the chief executive officer now owns 2,267,980 shares of the company's stock, valued at approximately $6,486,422.80. This trade represents a 3.42 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 82,270 shares of company stock valued at $235,312 in the last ninety days. 21.70% of the stock is currently owned by corporate insiders.

About Talkspace

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.