Talkspace Inc (NASDAQ: TALK) stock jumped 4.55% on Friday to $1.84 against a previous-day closing price of $1.76. With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.91 million shares. The 52-week range on TALK shows that it touched its highest point at $2.13 and its lowest point at $0.53 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 0.99.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TALK was up-trending over the past week, with a rise of 17.20%, but this was down by -5.15% over a month. Three-month performance surged to 18.71% while six-month performance rose 76.92%. The stock gained 174.01% in the past year, while it has gained 201.49% so far this year. A look at the trailing 12-month EPS for TALK yields -0.22 with Next year EPS estimates of -0.01. For the next quarter, that number is -0.03. This implies an EPS growth rate of 74.51% for this year and 88.46% for next year.
Float and Shares Shorts:
At present, 161.16 million TALK shares are outstanding with a float of 114.31 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.4 million, which was 1.44% higher than short shares on Sep 28, 2023.
Institutional Ownership:
Through their ownership of 68.95% of TALK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 4.89% of TALK, in contrast to 28.74% held by mutual funds. Shares owned by individuals account for 27.33%. As the largest shareholder in TALK with 6.81% of the stake, Hudson Executive Capital LP holds 11,340,600 shares worth 11,340,600. A second-largest stockholder of TALK, Goldman Sachs & Co. LLC, holds 8,167,674 shares, controlling over 4.91% of the firm’s shares. Harbor Spring Capital LLC is the third largest shareholder in TALK, holding 6,546,237 shares or 3.93% stake. With a 2.11% stake in TALK, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 3,519,033 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.23% of TALK stock, is the second-largest Mutual Fund holder. It holds 2,048,957 shares valued at 3.65 million. Fidelity Extended Market Index Fu holds 0.42% of the stake in TALK, owning 703,349 shares worth 1.25 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TALK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TALK analysts setting a high price target of $5.00 and a low target of $5.00, the average target price over the next 12 months is $5.00. Based on these targets, TALK could surge 171.74% to reach the target high and rise by 171.74% to reach the target low. Reaching the average price target will result in a growth of 171.74% from current levels.
Summary of Insider Activity:
Insiders traded TALK stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 6,178 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 131,108 while 12,356 shares were sold.
