G2 Investment Partners Management LLC Has $7.30 Million Holdings in Talkspace, Inc. (NASDAQ:TALK)

G2 Investment Partners Management LLC raised its stake in Talkspace, Inc. (NASDAQ:TALKFree Report) by 522.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,874,417 shares of the company’s stock after acquiring an additional 2,412,531 shares during the quarter. Talkspace comprises approximately 2.1% of G2 Investment Partners Management LLC’s investment portfolio, making the stock its 14th biggest holding. G2 Investment Partners Management LLC owned approximately 1.72% of Talkspace worth $7,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TALK. Citigroup Inc. boosted its stake in Talkspace by 53,648.1% during the 3rd quarter. Citigroup Inc. now owns 43,536 shares of the company’s stock worth $85,000 after acquiring an additional 43,455 shares during the last quarter. Potomac Capital Management Inc. bought a new stake in shares of Talkspace in the third quarter worth $108,000. Bank of New York Mellon Corp lifted its position in shares of Talkspace by 65.4% in the third quarter. Bank of New York Mellon Corp now owns 61,167 shares of the company’s stock worth $119,000 after purchasing an additional 24,185 shares in the last quarter. WINTON GROUP Ltd lifted its position in shares of Talkspace by 294.2% in the third quarter. WINTON GROUP Ltd now owns 100,546 shares of the company’s stock worth $196,000 after purchasing an additional 75,041 shares in the last quarter. Finally, EAM Investors LLC bought a new stake in shares of Talkspace in the third quarter worth $1,787,000. Institutional investors and hedge funds own 57.37% of the company’s stock.

Talkspace Trading Down 1.7 %

Shares of NASDAQ:TALK traded down $0.04 on Thursday, hitting $2.34. The company had a trading volume of 1,164,918 shares, compared to its average volume of 1,220,383. Talkspace, Inc. has a 1-year low of $1.16 and a 1-year high of $3.92. The stock has a market cap of $397.06 million, a price-to-earnings ratio of -29.50 and a beta of 1.23. The stock has a 50 day moving average price of $2.97 and a 200 day moving average price of $2.76.

Talkspace (NASDAQ:TALKGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Talkspace had a negative net margin of 7.33% and a negative return on equity of 10.00%. The business had revenue of $45.42 million during the quarter, compared to analysts’ expectations of $44.30 million. Sell-side analysts anticipate that Talkspace, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TALK shares. TheStreet upgraded shares of Talkspace from a “d” rating to a “c-” rating in a report on Thursday, February 22nd. Barclays upped their price objective on shares of Talkspace from $2.50 to $3.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd.

Check Out Our Latest Report on TALK

Talkspace Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Talkspace (NASDAQ:TALK)

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