In today’s recent session, 0.42 million shares of the Talkspace Inc (NASDAQ:TALK) have been traded, and its beta is 1.12. Most recently the company’s share price was $4.04, and it changed around -$0.06 or -1.48% from the last close, which brings the market valuation of the company to $682.31M. TALK at last check was trading at a discount to its 52-week high of $4.16, offering almost -2.97% off that amount. The share price’s 52-week low was $1.60, which indicates that the recent value has risen by an impressive 60.4% since then. We note from Talkspace Inc’s average daily trading volume that its 10-day average is 1.54 million shares, with the 3-month average coming to 1.41 million.
Talkspace Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended TALK as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Talkspace Inc is expected to report earnings per share of 0 for the current quarter.
Talkspace Inc (NASDAQ:TALK) trade information
Instantly TALK has been showing red trend so far today with a performance of -1.48% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.16 on recent trading dayincreased the stock’s daily price by 2.88%. The company’s shares are currently up 30.72% year-to-date, but still up 19.15% over the last five days. On the other hand, Talkspace Inc (NASDAQ:TALK) is 38.33% up in the 30-day period. We can see from the shorts that 6.01 million shares have been sold at a short interest cover period of 5.1 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to decrease their stock price by -61.6% from its current value. Analyst projections state that TALK is forecast to be at a low of $2 and a high of $3.
Talkspace Inc (TALK) estimates and forecasts
The year-over-year growth rate is expected to be 25.86%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 49.94M in revenue for the current quarter. 5 analysts expect Talkspace Inc to make 54.42M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 42.42M and 45.42M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.74%. Forecasts for the next quarter put sales growth at 19.82%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.57%.
Talkspace Inc (NASDAQ:TALK)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.24% of Talkspace Inc shares, and 60.86% of them are in the hands of institutional investors. The stock currently has a share float of 62.90%. Talkspace Inc stock is held by 153.0 institutions, with NVP ASSOCIATES, LLC being the largest institutional investor. By 2024-06-30, it held 8.7079% of the shares, which is about 14.7 million shares worth $33.82 million.
HUDSON EXECUTIVE CAPITAL LP, with 6.7165% or 11.34 million shares worth $22.53 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
American Century Small Cap Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 5.44 shares worth $21.83 million, making up 3.22% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.52 shares worth around $14.15 million, which represents about 2.09% of the total shares outstanding.
