Metavasi Capital LP Has $2.92 Million Stock Holdings in Talkspace, Inc. $TALK

Key Points

• Metavasi Capital LP increased its stake in Talkspace, Inc. by 53.3%, owning approximately $2.92 million worth of the stock as of its latest SEC filing.
• Insider CMO Katelyn Watson sold 39,000 shares of Talkspace at an average price of $3.30, reducing her position by 8.25%.
• The stock currently has a consensus rating of "Buy" from analysts, with an average price target of $4.50.

Metavasi Capital LP increased its holdings in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 53.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,139,099 shares of the company's stock after buying an additional 396,287 shares during the quarter. Talkspace accounts for about 1.9% of Metavasi Capital LP's holdings, making the stock its 20th biggest holding. Metavasi Capital LP owned approximately 0.68% of Talkspace worth $2,916,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Talkspace in the first quarter valued at about $29,000. EntryPoint Capital LLC bought a new position in Talkspace in the first quarter valued at about $45,000. Ameriprise Financial Inc. bought a new position in Talkspace in the fourth quarter valued at about $53,000. CWM LLC raised its position in Talkspace by 1,230.7% in the first quarter. CWM LLC now owns 21,265 shares of the company's stock valued at $54,000 after purchasing an additional 19,667 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in Talkspace in the first quarter valued at about $54,000. 57.37% of the stock is currently owned by institutional investors.

Talkspace Stock Down 0.8%

Talkspace stock traded down $0.02 during trading hours on Friday, hitting $2.61. The stock had a trading volume of 908,952 shares, compared to its average volume of 1,216,797. The stock has a market cap of $437.10 million, a price-to-earnings ratio of 130.57 and a beta of 1.09. Talkspace, Inc. has a one year low of $1.75 and a one year high of $4.36. The business's 50 day simple moving average is $2.59 and its 200-day simple moving average is $2.80.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.01 by ($0.01). The firm had revenue of $54.31 million during the quarter, compared to the consensus estimate of $54.08 million. Talkspace had a net margin of 1.41% and a return on equity of 2.48%. Talkspace has set its FY 2025 guidance at EPS. Research analysts anticipate that Talkspace, Inc. will post 0.08 EPS for the current fiscal year.

Talkspace 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.