Occam Crest Management LP Has $6.64 Million Position in Talkspace, Inc. $TALK

Occam Crest Management LP grew its stake in Talkspace, Inc. (NASDAQ:TALK) by 77.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,830,000 shares of the company’s stock after acquiring an additional 800,000 shares during the period. Talkspace accounts for about 4.6% of Occam Crest Management LP’s investment portfolio, making the stock its 8th biggest position. Occam Crest Management LP owned approximately 1.10% of Talkspace worth $6,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Royce & Associates LP raised its stake in shares of Talkspace by 526.9% in the third quarter. Royce & Associates LP now owns 2,174,262 shares of the company’s stock worth $6,001,000 after acquiring an additional 1,827,459 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Talkspace by 18.1% in the third quarter. First Eagle Investment Management LLC now owns 1,890,630 shares of the company’s stock worth $5,218,000 after acquiring an additional 289,500 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Talkspace in the fourth quarter worth about $450,000. Sugar Maple Asset Management LLC raised its stake in shares of Talkspace by 61.8% in the second quarter. Sugar Maple Asset Management LLC now owns 84,000 shares of the company’s stock worth $234,000 after acquiring an additional 32,100 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Talkspace by 24.4% during the second quarter. Creative Planning now owns 80,904 shares of the company’s stock worth $225,000 after buying an additional 15,881 shares during the last quarter. 57.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TALK has been the subject of a number of recent research reports. William Blair downgraded shares of Talkspace from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Barclays dropped their price target on shares of Talkspace from $5.50 to $5.25 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Needham & Company LLC downgraded shares of Talkspace from a “buy” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings downgraded shares of Talkspace from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of Talkspace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.56.

Talkspace Stock Down 0.2%

Talkspace stock opened at $5.20 on Tuesday. The stock has a market capitalization of $871.05 million, a PE ratio of 520.52 and a beta of 1.05. Talkspace, Inc. has a twelve month low of $2.22 and a twelve month high of $5.23. The company has a 50 day moving average of $5.19 and a 200-day moving average of $4.51.

Talkspace (NASDAQ:TALK) last released its quarterly earnings results 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 analyst estimates of $63.32 million. Talkspace had a net margin of 0.49% and a return on equity of 1.03%. Equities analysts anticipate that Talkspace, Inc. will post 0.13 EPS for the current fiscal year.

Talkspace 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.