In the latest trading session,, 1.48 million Talkspace Inc (NASDAQ:TALK) shares changed hands as the company’s beta touched 1.12. With the company’s most recent per share price at $3.03 changed hands at -$0.25 or -7.62% at last look, the market valuation stands at $506.96M. TALK’s current price is a discount, trading about -43.89% off its 52-week high of $4.36. The share price had its 52-week low at $1.60, which suggests the last value was 47.19% up since then. When we look at Talkspace Inc’s average trading volume, we note the 10-day average is 2.61 million shares, with the 3-month average coming to 1.81 million.
Analysts gave the Talkspace Inc (TALK) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.29. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TALK as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Talkspace Inc’s EPS for the current quarter is expected to be 0.
Talkspace Inc (NASDAQ:TALK) trade information
Instantly TALK was in red as seen in intraday trades today. With action -11.14%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -1.94%, with the 5-day performance at -11.14% in the red. However, in the 30-day time frame, Talkspace Inc (NASDAQ:TALK) is 0.33% up. Looking at the short shares, we see there were 4.39 million shares sold at short interest cover period of 2.78 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 39.4% from its recent market value. According to analyst projections, TALK’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -65.02% plunge from its current level, while the stock would need to soar -65.02% for it to hit the projected low.
Talkspace Inc (TALK) estimates and forecasts
Year-over-year growth is forecast to reach 19.98% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 54.08M. 7 analysts are of the opinion that Talkspace Inc’s revenue for the current quarter will be 56.24M. The company’s revenue for the corresponding quarters a year ago was 46.06M and 47.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.41%. The estimates for the next quarter sales put growth at 18.64%.
The 2025 estimates are for Talkspace Inc earnings to increase by 339.67%, but the outlook for the next 5-year period is at 164.48% per year.
TALK Dividends
Talkspace Inc is expected to release its next quarterly earnings report on 2025-Feb-19.
Talkspace Inc (NASDAQ:TALK)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.02% of Talkspace Inc shares while 57.40% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.81%. There are 57.40% institutions holding the Talkspace Inc stock share, with NVP ASSOCIATES, LLC the top institutional holder. As of 2024-06-30, the company held 8.6923% of the shares, roughly 14.7 million TALK shares worth $33.82 million.
HUDSON EXECUTIVE CAPITAL LP holds the second largest percentage of outstanding shares, with 6.7045% or 11.34 million shares worth $22.53 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were DEUTSCHE DWS INVESTMENT TRUST-DWS Small Cap Core Fund and American Century Mutual Funds, Inc.-SMALL CAP GROWTH FUND . With 5.0 shares estimated at $15.12 million under it, the former controlled 2.99% of total outstanding shares. On the other hand, American Century Mutual Funds, Inc.-SMALL CAP GROWTH FUND held about 2.93% of the shares, roughly 4.9 shares worth around $14.83 million.
