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

Metavasi Capital LP purchased a new stake in Talkspace, Inc. (NASDAQ:TALK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 742,812 shares of the company's stock, valued at approximately $2,295,000. Talkspace makes up approximately 0.8% of Metavasi Capital LP's investment portfolio, making the stock its 24th largest holding. Metavasi Capital LP owned about 0.44% of Talkspace as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TALK. Barclays PLC grew its position in Talkspace by 322.3% in the 3rd quarter. Barclays PLC now owns 175,990 shares of the company's stock valued at $368,000 after buying an additional 134,313 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Talkspace by 448.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company's stock valued at $1,101,000 after buying an additional 430,861 shares during the period. Sugar Maple Asset Management LLC grew its holdings in Talkspace by 75.0% during the fourth quarter. Sugar Maple Asset Management LLC now owns 28,000 shares of the company's stock worth $87,000 after acquiring an additional 12,000 shares during the period. SG Americas Securities LLC grew its stake in shares of Talkspace by 68.0% during the 4th quarter. SG Americas Securities LLC now owns 79,282 shares of the company's stock worth $245,000 after purchasing an additional 32,080 shares during the period. Finally, Evernest Financial Advisors LLC purchased a new stake in Talkspace during the fourth quarter worth about $337,000. Institutional investors and hedge funds own 57.37% of the company's stock.

Insider Buying and Selling

In other Talkspace news, CEO Jon R. Cohen bought 75,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $2.86 per share, with a total value of $214,500.00. Following the purchase, the chief executive officer now directly owns 2,267,980 shares of the company's stock, valued at approximately $6,486,422.80. The trade was a 3.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought a total of 82,270 shares of company stock valued at $235,312 in the last quarter. Company insiders own 21.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TALK shares. Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research note on Tuesday. 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. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $4.50.

Talkspace Trading Up 1.4 %

TALK stock traded up $0.05 during trading on Tuesday, reaching $3.18. The stock had a trading volume of 2,957,026 shares, compared to its average volume of 1,858,936. The company has a market capitalization of $534.79 million, a P/E ratio of 317.42 and a beta of 1.13. Talkspace, Inc. has a 1-year low of $1.60 and a 1-year high of $4.36. The firm has a fifty day moving average price of $2.82 and a 200 day moving average price of $3.10.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The business 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%. Sell-side analysts predict that Talkspace, Inc. will post 0.08 EPS for the current year.

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.