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The $1.92 Is The Price At Which Talkspace Inc. (NASDAQ: TALK) Deserves Consideration

During the last session, Talkspace Inc. (NASDAQ:TALK)’s traded shares were 0.87 million. At the end of the trading day, the stock’s price was $1.92, reflecting an intraday gain of 0.52% or $0.01. The 52-week high for the TALK share is $5.99, that puts it down -211.98 from that peak though still a striking 46.35% gain since the share price plummeted to a 52-week low of $1.03. The company’s market capitalization is $270.76M, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 858.71K shares over the past three months.

Talkspace Inc. (TALK) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.50. TALK has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.13.

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Talkspace Inc. (NASDAQ:TALK) trade information

Talkspace Inc. (TALK) registered a 0.52% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.52% in intraday trading to $1.92 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is 2.67%, and it has moved by 8.47% in 30 days. Based on these gigs, the overall price performance for the year is -66.95%. The short interest in Talkspace Inc. (NASDAQ:TALK) is 5.75 million shares and it means that shorts have 10.43 day(s) to cover.

The consensus price target of analysts on Wall Street is $2.13, which implies an increase of 9.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.50 and $3.50 respectively. As a result, TALK is trading at a discount of -82.29% off the target high and 21.87% off the low.

Talkspace Inc. (TALK) estimates and forecasts

Statistics show that Talkspace Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Talkspace Inc. (TALK) shares have gone up 27.15% during the last six months, with a year-to-date growth rate more than the industry average at 49.04% against -1.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 88.70% this quarter and then drop -1,400.00% in the quarter after that. In the rating firms’ projections, revenue will increase 13.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $31.45 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $32.38 million by the end of Sep 2022.

While earnings are projected to return -179.40% in 2022.

TALK Dividends

Talkspace Inc. is due to release its next quarterly earnings on November 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Talkspace Inc. (NASDAQ:TALK)’s Major holders

Talkspace Inc. insiders own 7.46% of total outstanding shares while institutional holders control 70.25%, with the float percentage being 75.92%. Norwest Venture Partners XIII, LP is the largest shareholder of the company, while 78 institutions own stock in it. As of Jun 29, 2022, the company held over 14.7 million shares (or 9.48% of all shares), a total value of $25.0 million in shares.

The next largest institutional holding, with 11.34 million shares, is of Hudson Executive Capital, LP’s that is approximately 7.31% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $19.73 million.

Also, the Mutual Funds coming in first place with the largest holdings of Talkspace Inc. (TALK) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 3.39 million shares. This amounts to just over 2.18 percent of the company’s overall shares, with a $5.9 million market value. The same data shows that the other fund manager holds slightly less at 1.23 million, or about 0.79% of the stock, which is worth about $2.14 million.

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