Talkspace Inc (NASDAQ: TALK) is 34.25% 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 $3.49 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $3.41, the stock is 1.96% and 14.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.81 million and changing -2.29% at the moment leaves the stock 28.77% off its SMA200. TALK registered 48.91% gain for a year compared to 6-month gain of 30.65%. The firm has a 50-day simple moving average (SMA 50) of $2.9516 and a 200-day simple moving average (SMA200) of $2.6448.
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The stock witnessed a 4.28% loss in the last 1 month and extending the period to 3 months gives it a 88.40%, and is -1.73% 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 5.38% over the week and 5.60% over the month.
Talkspace Inc (TALK) has around 472 employees, a market worth around $572.74M and $181.29M in sales. Fwd P/E is 50.12. Profit margin for the company is -0.76%. Distance from 52-week low is 113.13% and -13.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.17%).
The EPS is expected to grow by 108.33% this year.
Talkspace Inc (TALK) Top Institutional Holders
143.0 institutions hold shares in Talkspace Inc (TALK), with institutional investors hold 61.89% of the company’s shares. The shares outstanding are 168.82M, and float is at 136.27M with Short Float at 3.22%. Institutions hold 59.95% 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
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Talkspace Inc disclosed in a document filed with the SEC on Nov 20 ’24 that Margolin Gil (Chief Technology Officer) sold a total of 134,654 shares of the company’s common stock. The trade occurred on Nov 20 ’24 and was made at $3.10 per share for $0.42 million. Following the transaction, the insider now directly holds 0.29 million shares of the TALK stock.
Still, SEC filings show that on Nov 20 ’24, Margolin Gil (CTO) Proposed Sale 186,801 shares at an average price of $3.09 for $0.58 million. The insider now directly holds shares of Talkspace Inc (TALK).
