Divisadero Street Capital Management LP raised its position in shares of Talkspace, Inc. (NASDAQ:TALK – Free Report) by 13.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,111,717 shares of the company’s stock after acquiring an additional 361,717 shares during the period. Talkspace makes up 1.1% of Divisadero Street Capital Management LP’s portfolio, making the stock its 24th biggest position. Divisadero Street Capital Management LP owned about 1.83% of Talkspace worth $7,157,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Lane Capital LP purchased a new stake in shares of Talkspace during the 1st quarter worth about $55,000. Principal Financial Group Inc. acquired a new position in Talkspace during the second quarter valued at approximately $38,000. Virtu Financial LLC purchased a new stake in Talkspace during the first quarter worth approximately $74,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Talkspace in the first quarter worth $132,000. Finally, Advisory Alpha LLC purchased a new position in shares of Talkspace in the 1st quarter valued at $296,000. 57.37% of the stock is currently owned by institutional investors and hedge funds.
Talkspace Stock Performance
Talkspace stock opened at $2.10 on Friday. Talkspace, Inc. has a one year low of $1.41 and a one year high of $3.92. The stock’s 50 day moving average price is $1.91 and its 200 day moving average price is $2.55. The firm has a market capitalization of $356.34 million, a PE ratio of -26.25 and a beta of 1.21.
Insider Transactions at Talkspace
Wall Street Analyst Weigh In
Separately, Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a report on Tuesday, August 6th.
Check Out Our Latest Research Report on Talkspace
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.
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