Talkspace Inc (NASDAQ: TALK) is -20.08% lower on its value in year-to-date trading and has touched a low of $1.41 and a high of $3.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TALK stock was last observed hovering at around $1.99 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.03, the stock is 3.70% and 7.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 2.01% at the moment leaves the stock -19.08% off its SMA200. TALK registered 4.64% gain for a year compared to 6-month loss of -43.14%. The firm has a 50-day simple moving average (SMA 50) of $1.8956 and a 200-day simple moving average (SMA200) of $2.5068.
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The stock witnessed a 13.41% gain in the last 1 month and extending the period to 3 months gives it a -11.74%, and is -7.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.15% over the week and 6.57% over the month.
Talkspace Inc (TALK) has around 472 employees, a market worth around $341.47M and $172.54M in sales. Fwd P/E is 36.91. Profit margin for the company is -4.44%. Distance from 52-week low is 43.97% and -48.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.72%).
with sales reaching $47.48M over the same period.The EPS is expected to grow by 95.83% this year, but quarterly earnings will post 27.60% year-over-year. Quarterly sales are estimated to grow 22.90% in year-over-year returns.
Talkspace Inc (TALK) Top Institutional Holders
140.0 institutions hold shares in Talkspace Inc (TALK), with institutional investors hold 75.66% of the company’s shares. The shares outstanding are 168.43M, and float is at 127.92M with Short Float at 5.00%. Institutions hold 73.28% of the Float.
The top institutional shareholder in the company is NVP ASSOCIATES, LLC with over 14.7 million shares valued at $33.82 million. The investor’s holdings represent 8.7079% of the TALK Shares outstanding. As of 2024-06-30, the second largest holder is HUDSON EXECUTIVE CAPITAL LP with 11.34 million shares valued at $22.53 million to account for 6.7165 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.7 million shares representing 4.5607% and valued at over $17.71 million, while REVOLUTION GROWTH MANAGEMENT COMPANY, INC. holds 4.5551 of the shares totaling 7.69 million with a market value of $17.69 million.
Talkspace Inc (TALK) Insider Activity
The most recent transaction is an insider purchase by Harris Ian Jiro, the company’s Chief Financial Officer. SEC filings show that Harris Ian Jiro bought 27,500 shares of the company’s common stock on Sep 18 ’24 at a price of $2.07 per share for a total of $56925.0. Following the purchase, the insider now owns 0.37 million shares.
Talkspace Inc disclosed in a document filed with the SEC on Sep 19 ’24 that Harris Ian Jiro (Chief Financial Officer) bought a total of 23,100 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $2.11 per share for $48741.0. Following the transaction, the insider now directly holds 0.4 million shares of the TALK stock.
Still, SEC filings show that on Sep 17 ’24, Harris Ian Jiro (Chief Financial Officer) acquired 19,500 shares at an average price of $2.20 for $42900.0. The insider now directly holds 347,057 shares of Talkspace Inc (TALK).
