In yesterday’s Wall Street session, Talkspace Inc. (NASDAQ:TALK) shares traded at $0.59, down -5.40% from the previous session.
As of this writing, 5 analysts cover Talkspace Inc. (NASDAQ:TALK). The consensus rating among analysts is ‘Overweight’. TALK stock price is now -21.24% away from the 50-day moving average and -54.07% away from the 200-day moving average. The market capitalization of the company currently stands at $95.88M.
There are 3 analysts who have given it a hold rating, whereas 2 have given it a buy rating.
With the price target of $2, Jefferies recently initiated with Hold rating for Talkspace Inc. (NASDAQ: TALK)., while ‘Robert W. Baird’ rates the stock as ‘Neutral’.
In other news, Reilly John Charles, General Counsel and Secretary bought 10,000 shares of the company’s stock on Sep 20. The stock was bought for $9,500 at an average price of $0.95. Upon completion of the transaction, the General Counsel and Secretary now directly owns 539,924 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Chief Technology Officer Margolin Gil sold 32,641 shares of the business’s stock. A total of $36,081 was realized by selling the stock at an average price of $1.11. This leaves the insider owning 135,953 shares of the company worth $80212.27. Insiders disposed of 653,759 shares of company stock worth roughly $0.39 million over the past 1 year. A total of 3.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TALK stock. A new stake in Talkspace Inc. shares was purchased by DAVIDSON KEMPNER CAPITAL MANAGEMENT LP during the first quarter worth $738,000. ALYESKA INVESTMENT GROUP, L.P. invested $499,000 in shares of TALK during the first quarter. In the first quarter, SHAY CAPITAL LLC acquired a new stake in Talkspace Inc. valued at approximately $138,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in TALK for approximately $53,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in TALK valued at around $42,000 in the second quarter. In total, there are 76 active investors with 67.30% ownership of the company’s stock.
Wednesday morning saw Talkspace Inc. (NASDAQ: TALK) opened at $0.6368. During the past 12 months, Talkspace Inc. has had a low of $0.52 and a high of $2.13. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.70, and a quick ratio of 5.70. The fifty day moving average price for TALK is $0.7447 and a two-hundred day moving average price translates $1.2769 for the stock.
The latest earnings results from Talkspace Inc. (NASDAQ: TALK) was released for Jun, 2022. According to the Medical Care Facilities Company, earnings per share came in at -$0.15, missing analysts’ expectations of -$0.13 by -0.02. This compares to $0.01 EPS in the same period last year. The net profit margin was -69.60% and return on equity was -49.30% for TALK. The company reported revenue of $29.33 million for the quarter, compared to $26.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.28 percent. For the current quarter, analysts expect TALK to generate $29.93M in revenue.
Talkspace Inc.(TALK) Company Profile
Talkspace, Inc. operates as a virtual behavior healthcare company. It delivers healthcare through encrypted web and mobile platform. The company offers treatment options for every need, including psychiatry or adolescent, individual, or couples therapy. The members can send text, video, and voice messages to their therapists and engage in live video sessions. Talkspace, Inc. is based in New York, New York.