In last trading session, Talkspace Inc (NASDAQ:TALK) saw 3.1 million shares changing hands with its beta currently measuring 1.20. Company’s recent per share price level of $2.83 trading at $0.18 or 6.79% at ring of the bell on the day assigns it a market valuation of $476.03M. That closing price of TALK’s stock is at a discount of -38.52% from its 52-week high price of $3.92 and is indicating a premium of 50.18% from its 52-week low price of $1.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.34 million shares which gives us an average trading volume of 1.81 million if we extend that period to 3-months.
For Talkspace Inc (TALK), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.0 in the current quarter.
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Talkspace Inc (NASDAQ:TALK) trade information
Upright in the green during last session for gaining 6.79%, in the last five days TALK remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $2.83 price level, adding 1.05% to its value on the day. Talkspace Inc’s shares saw a change of 11.42% in year-to-date performance and have moved 19.41% in past 5-day. Talkspace Inc (NASDAQ:TALK) showed a performance of 30.41% in past 30-days. Number of shares sold short was 6.52 million shares which calculate 2.47 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a fall of -13.2% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would jump 29.33% in reaching the projected high whereas dropping to the targeted low would mean a gain of 29.33% for stock’s current value.
Talkspace Inc (TALK) estimates and forecasts
Statistics highlight that Talkspace Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -3.74% of value to its shares in past 6 months, showing an annual growth rate of 66.67% while that of industry is 24.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 27.60% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 47.48M for the same. And 3 analysts are in estimates of company making revenue of 51.97M in the next quarter. Company posted 38.65M and 42.42M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 32.57% during past 5 years.
Talkspace Inc (NASDAQ:TALK)’s Major holders
Insiders are in possession of 3.14% of company’s total shares while institution are holding 63.08 percent of that, with stock having share float percentage of 65.13%. Investors also watch the number of corporate investors in a company very closely, which is 63.08% institutions for Talkspace Inc that are currently holding shares of the company. NVP ASSOCIATES, LLC is the top institutional holder at TALK for having 14.7 million shares of worth $33.82 million. And as of 2024-06-30, it was holding 8.7079 of the company’s outstanding shares.
The second largest institutional holder is HUDSON EXECUTIVE CAPITAL LP, which was holding about 11.34 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7165 of outstanding shares, having a total worth of $22.53 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.52 shares of worth $9.97 million or 2.10% of the total outstanding shares. The later fund manager was in possession of 3.27 shares on Aug 31, 2024 , making its stake of worth around $9.26 million in the company or a holder of 1.95% of company’s stock.
