Metavasi Capital LP Makes New $2.30 Million Investment in Talkspace, Inc. (NASDAQ:TALK)

Metavasi Capital LP purchased a new position in shares of Talkspace, Inc. (NASDAQ:TALK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 742,812 shares of the company's stock, valued at approximately $2,295,000. Talkspace comprises 0.8% of Metavasi Capital LP's investment portfolio, making the stock its 24th largest holding. Metavasi Capital LP owned 0.44% of Talkspace at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Talkspace by 448.3% in the third quarter. JPMorgan Chase & Co. now owns 526,972 shares of the company's stock worth $1,101,000 after buying an additional 430,861 shares during the last quarter. Evernest Financial Advisors LLC purchased a new stake in Talkspace in the 4th quarter worth about $337,000. Barclays PLC raised its stake 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 acquiring an additional 134,313 shares during the period. Geode Capital Management LLC lifted its holdings in Talkspace by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 3,077,361 shares of the company's stock valued at $9,512,000 after purchasing an additional 63,072 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Talkspace by 829.3% during the fourth quarter. New York State Common Retirement Fund now owns 38,100 shares of the company's stock worth $118,000 after purchasing an additional 34,000 shares during the period. Institutional investors own 57.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a research report on Friday, February 21st. 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 equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $4.50.

Insider Transactions at Talkspace

In other Talkspace news, CEO Jon R. Cohen purchased 75,000 shares of Talkspace stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $2.86 per share, for a total transaction of $214,500.00. Following the completion of the transaction, 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 purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 82,270 shares of company stock valued at $235,312. Insiders own 21.70% of the company's stock.

Talkspace Trading Up 1.9 %

Shares of Talkspace stock traded up $0.06 during trading on Friday, hitting $3.19. The stock had a trading volume of 1,877,294 shares, compared to its average volume of 1,854,691. Talkspace, Inc. has a 12 month low of $1.60 and a 12 month high of $4.36. The firm has a market cap of $537.31 million, a price-to-earnings ratio of 319.32 and a beta of 1.13. The business's 50-day moving average is $2.82 and its 200 day moving average is $3.10.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $48.72 million for the quarter, compared to analyst estimates of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%. As a group, equities analysts expect that Talkspace, Inc. will post 0.08 EPS for the current year.

Talkspace Company 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.