Talkspace Inc (NASDAQ:TALK) has a beta value of 1.20 and has seen 2.67 million shares traded in the last trading session. The company, currently valued at $412.11M, closed the last trade at $2.45 per share which meant it gained $0.13 on the day or 5.60% during that session. The TALK stock price is -60.0% off its 52-week high price of $3.92 and 42.45% above the 52-week low of $1.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.33 million shares traded. The 3-month trading volume is 1.74 million shares.
The consensus among analysts is that Talkspace Inc (TALK) is Hold stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.0.
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Talkspace Inc (NASDAQ:TALK) trade information
Sporting 5.60% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TALK stock price touched $2.45 or saw a rise of 2.39%. Year-to-date, Talkspace Inc shares have moved -3.54%, while the 5-day performance has seen it change -0.81%. Over the past 30 days, the shares of Talkspace Inc (NASDAQ:TALK) have changed 33.15%. Short interest in the company has seen 6.52 million shares shorted with days to cover at 2.47.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 2.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -22.45% off the targeted high while a plunge would see the stock lose 18.37% 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 -29.60% over the past 6 months, with this year growth rate of 66.67%, compared to 23.80% for the industry. Revenue growth from the last financial year stood is estimated to be 27.60%.
3 analysts offering their estimates for the company have set an average revenue estimate of 47.48M for the current quarter. 3 have an estimated revenue figure of 51.97M for the next ending quarter. Year-ago sales stood 38.65M and 42.42M respectively for this quarter and the next, and analysts expect sales will grow by 22.90% for the current quarter and 27.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 32.57% over the past 5 years.
TALK Dividends
Talkspace Inc is expected to release its next earnings report in November 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 3.14% of the company shares, while shares held by institutions stand at 63.07% with a share float percentage of 65.12%. Investors are also buoyed by the number of investors in a company, with Talkspace Inc having a total of 138.0 institutions that hold shares in the company. The top two institutional holders are NVP ASSOCIATES, LLC with over 14.7 million shares worth more than $33.82 million. As of 2024-06-30, NVP ASSOCIATES, LLC held 8.7079% of shares outstanding.
The other major institutional holder is HUDSON EXECUTIVE CAPITAL LP, with the holding of over 11.34 million shares as of 2024-06-30. The firm’s total holdings are worth over $22.53 million and represent 6.7165% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.10% shares in the company for having 3.52 shares of worth $8.64 million while later fund manager owns 3.27 shares of worth $8.02 million as of Aug 31, 2024 , which makes it owner of about 1.95% of company’s outstanding stock.
