Talkspace, Inc. $TALK Shares Bought by Occam Crest Management LP

Occam Crest Management LP increased its holdings in shares of Talkspace, Inc. (NASDAQ:TALK) by 77.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,830,000 shares of the company’s stock after purchasing an additional 800,000 shares during the quarter. Talkspace makes up about 4.6% of Occam Crest Management LP’s investment portfolio, making the stock its 8th biggest holding. Occam Crest Management LP’s holdings in Talkspace were worth $6,643,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TALK. Cerity Partners LLC acquired a new position in Talkspace during the second quarter worth $28,000. Xponance Inc. acquired a new position in Talkspace during the third quarter worth $31,000. Nierenberg Investment Management Company Inc. acquired a new position in Talkspace during the third quarter worth $32,000. Dynamic Technology Lab Private Ltd acquired a new position in Talkspace during the third quarter worth $35,000. Finally, Neuberger Berman Group LLC acquired a new position in Talkspace during the fourth quarter worth $38,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TALK shares. Canaccord Genuity Group cut shares of Talkspace from a “buy” rating to a “hold” rating in a report on Monday, March 9th. KeyCorp lowered shares of Talkspace from an “overweight” rating to a “hold” rating in a research report on Tuesday, March 10th. Needham & Company LLC lowered shares of Talkspace from a “buy” rating to a “hold” rating in a research report on Monday, March 9th. William Blair lowered shares of Talkspace from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Northland Securities lowered shares of Talkspace from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Talkspace currently has a consensus rating of “Hold” and a consensus target price of $5.56.

Talkspace Price Performance

Shares of TALK opened at $5.20 on Tuesday. The firm has a market capitalization of $871.05 million, a PE ratio of 520.52 and a beta of 1.05. The company’s 50-day moving average is $5.19 and its 200-day moving average is $4.51. Talkspace, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $5.23.

Talkspace (NASDAQ:TALK) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). The company had revenue of $61.68 million during the quarter, compared to the consensus estimate of $63.32 million. Talkspace had a net margin of 0.49% and a return on equity of 1.03%. Analysts predict that Talkspace, Inc. will post 0.13 earnings per share for the current fiscal year.

Talkspace Company Profile

Talkspace, Inc (NASDAQ:TALK) is a digital mental health company that provides online therapy and psychiatry services through a secure, cloud-based platform. Headquartered in New York City, Talkspace enables individuals and couples to connect with licensed therapists and psychiatrists via text messaging, live audio, and video sessions. The company’s platform is accessible through web and mobile applications, allowing clients to seek professional support anytime and from any location with an internet connection.

The company’s core offerings include therapy plans that range from unlimited text-based messaging with a dedicated therapist to scheduled live video sessions.