Talkspace Inc. (NASDAQ:TALK) has seen 1.23 million shares traded in the last trading session. The company, currently valued at $148.76M, closed the last trade at $0.89 per share which meant it lost -$0.09 on the day or -9.36% during that session. The TALK stock price is -446.07% off its 52-week high price of $4.86 and -7.87% below the 52-week low of $0.96. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.62 million shares traded. The 3-month trading volume is 527.53K shares.
The consensus among analysts is that Talkspace Inc. (TALK) is an Overweight stock at the moment, with a recommendation rating of 2.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 5 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.13.
Talkspace Inc. (NASDAQ:TALK) trade information
Sporting -9.36% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the TALK stock price touched $0.89 or saw a rise of 22.61%. Year-to-date, Talkspace Inc. shares have moved -54.90%, while the 5-day performance has seen it change -22.07%. Over the past 30 days, the shares of Talkspace Inc. (NASDAQ:TALK) have changed -37.44%. Short interest in the company has seen 5.75 million shares shorted with days to cover at 10.43.
Wall Street analysts have a consensus price target for the stock at $2.04, which means that the shares’ value could jump 56.37% from current levels. The projected low price target is $1.50 while the price target rests at a high of $3.00. In that case, then, we find that the current price level is -237.08% off the targeted high while a plunge would see the stock gain -68.54% from current levels.
Talkspace Inc. (TALK) estimates and forecasts
Figures show that Talkspace Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -34.68% over the past 6 months, with this year growth rate of 49.04%, compared to -0.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 88.70% and -1,400.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.10%.
4 analysts offering their estimates for the company have set an average revenue estimate of $31.45 million for the current quarter. 4 have an estimated revenue figure of $32.38 million for the next quarter concluding in Sep 2022.
Talkspace Inc. is expected to release its next earnings report on November 15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Talkspace Inc. (NASDAQ:TALK)’s Major holders
Insiders own 7.46% of the company shares, while shares held by institutions stand at 70.25% with a share float percentage of 75.92%. Investors are also buoyed by the number of investors in a company, with Talkspace Inc. having a total of 78 institutions that hold shares in the company. The top two institutional holders are Norwest Venture Partners XIII, LP with over 14.7 million shares worth more than $25.0 million. As of Jun 29, 2022, Norwest Venture Partners XIII, LP held 9.48% of shares outstanding.
The other major institutional holder is Hudson Executive Capital, LP, with the holding of over 11.34 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $19.73 million and represent 7.31% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Mar 30, 2022, the former fund manager holds about 2.18% shares in the company for having 3.39 million shares of worth $5.9 million while later fund manager owns 1.23 million shares of worth $2.14 million as of Mar 30, 2022, which makes it owner of about 0.79% of company’s outstanding stock.