Talkspace Inc (NASDAQ: TALK) is 35.83% higher on its value in year-to-date trading and has touched a low of $1.60 and a high of $3.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TALK stock was last observed hovering at around $3.31 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $3.45, the stock is 8.15% and 27.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing 4.23% at the moment leaves the stock 32.77% off its SMA200. TALK registered 77.84% gain for a year compared to 6-month loss of 20.63%. The firm has a 50-day simple moving average (SMA 50) of $2.7004 and a 200-day simple moving average (SMA200) of $2.5984.
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The stock witnessed a 26.37% gain in the last 1 month and extending the period to 3 months gives it a 92.74%, and is 13.49% up 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 6.67% over the week and 7.13% over the month.
Talkspace Inc (TALK) has around 472 employees, a market worth around $607.43M and $181.29M in sales. Fwd P/E is 52.56. Profit margin for the company is -0.76%. Distance from 52-week low is 115.62% and -11.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.17%).
with sales reaching $50.26M over the same period.The EPS is expected to grow by 108.33% this year, but quarterly earnings will post 26.05% year-over-year. Quarterly sales are estimated to grow 18.48% in year-over-year returns.
Talkspace Inc (TALK) Top Institutional Holders
141.0 institutions hold shares in Talkspace Inc (TALK), with institutional investors hold 61.88% of the company’s shares. The shares outstanding are 168.43M, and float is at 136.27M with Short Float at 3.72%. Institutions hold 59.94% 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 sale by Margolin Gil , the company’s Chief Technology Officer. SEC filings show that Margolin Gil sold 134,654 shares of the company’s common stock on Nov 20 ’24 at a price of $3.10 per share for a total of $0.42 million. Following the sale, the insider now owns 0.29 million shares.
Still, SEC filings show that on Sep 18 ’24, Harris Ian Jiro (Chief Financial Officer) acquired 27,500 shares at an average price of $2.07 for $56925.0. The insider now directly holds 374,557 shares of Talkspace Inc (TALK).
