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.
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.
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.
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.