Voss Capital LP Decreases Stock Holdings in Talkspace, Inc. $TALK

Key Points

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Voss Capital LP reduced its stake in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) by 41.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 750,000 shares of the company's stock after selling 538,277 shares during the quarter. Voss Capital LP owned approximately 0.45% of Talkspace worth $1,920,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC purchased a new position in Talkspace during the 1st quarter valued at $573,000. CenterBook Partners LP increased its position in Talkspace by 410.5% during the 1st quarter. CenterBook Partners LP now owns 1,155,006 shares of the company's stock valued at $2,957,000 after purchasing an additional 928,744 shares during the period. Deutsche Bank AG increased its position in Talkspace by 10.6% during the 1st quarter. Deutsche Bank AG now owns 5,104,995 shares of the company's stock valued at $13,069,000 after purchasing an additional 489,510 shares during the period. Vanguard Group Inc. increased its position in Talkspace by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 7,650,330 shares of the company's stock valued at $19,585,000 after purchasing an additional 469,543 shares during the period. Finally, Blair William & Co. IL purchased a new position in Talkspace during the 1st quarter valued at $54,000. 57.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Talkspace

In related news, CMO Katelyn Watson sold 39,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $3.30, for a total value of $128,700.00. Following the transaction, the chief marketing officer owned 433,997 shares in the company, valued at $1,432,190.10. The trade was a 8.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.50% of the stock is currently owned by insiders.

Talkspace Price Performance

Talkspace stock traded up $0.08 during mid-day trading on Friday, reaching $2.80. The stock had a trading volume of 1,195,324 shares, compared to its average volume of 1,884,617. The company has a market capitalization of $468.92 million, a price-to-earnings ratio of 140.07 and a beta of 1.06. The company has a 50-day moving average price of $2.61 and a two-hundred day moving average price of $2.89. Talkspace, Inc. has a one year low of $1.70 and a one year high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 2.48% and a net margin of 1.41%. Talkspace has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Talkspace, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Talkspace has an average rating of "Buy" and a consensus price target of $4.50.

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.