Voss Capital LP Lowers Holdings in Talkspace, Inc. $TALK

Key Points

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Voss Capital LP cut its stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) by 41.8% during the first quarter, according to 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 about 0.45% of Talkspace worth $1,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Talkspace in the 1st quarter valued at $104,000. MetLife Investment Management LLC increased its holdings in shares of Talkspace by 87.9% in the 4th quarter. MetLife Investment Management LLC now owns 77,294 shares of the company's stock valued at $239,000 after acquiring an additional 36,154 shares during the period. Geode Capital Management LLC increased its holdings in shares of Talkspace by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 3,077,361 shares of the company's stock valued at $9,512,000 after acquiring an additional 63,072 shares during the period. ProShare Advisors LLC increased its holdings in shares of Talkspace by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 34,622 shares of the company's stock valued at $107,000 after acquiring an additional 11,392 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of Talkspace by 14.2% in the 4th quarter. Two Sigma Investments LP now owns 668,723 shares of the company's stock valued at $2,066,000 after acquiring an additional 82,921 shares during the period. 57.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Talkspace news, CMO Katelyn Watson sold 39,000 shares of Talkspace stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $3.30, for a total transaction of $128,700.00. Following the completion of the sale, the chief marketing officer owned 433,997 shares of the company's stock, valued at approximately $1,432,190.10. The trade was a 8.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.50% of the company's stock.

Talkspace Stock Performance

TALK stock traded up $0.08 on Friday, hitting $2.80. 1,195,324 shares of the company's stock were exchanged, compared to its average volume of 1,641,644. Talkspace, Inc. has a 12-month low of $1.70 and a 12-month high of $4.36. The firm has a 50 day moving average price of $2.61 and a two-hundred day moving average price of $2.88. The stock has a market cap of $468.92 million, a P/E ratio of 140.07 and a beta of 1.06.

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

Wall Street Analyst Weigh In

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

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.