Stocks of Talkspace Inc. (NASDAQ:TALK) traded higher last session on Wall Street, up 2.94% to $1.75.
TALK stock price is now 44.12% away from the 50-day moving average and 97.63% away from the 200-day moving average. The market capitalization of the company currently stands at $278.20M.
With the price target of $2, Jefferies recently initiated with Hold rating for Talkspace Inc. (NASDAQ: TALK).
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 $0.94 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 $0.24 million. Insiders disposed of 121,938 shares of company stock worth roughly $0.21 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 PARTNERS during the first quarter worth $958,000. PRUDENTIAL FINANCIAL INC invested $78,000 in shares of TALK during the first quarter. In the first quarter, SUMMIT TRAIL ADVISORS, LLC acquired a new stake in Talkspace Inc. valued at approximately $57,000. In total, there are 68 active investors with 67.30% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $1.7000 for Talkspace Inc. (NASDAQ: TALK). During the past 12 months, Talkspace Inc. has had a low of $0.52 and a high of $1.94. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.50, and a quick ratio of 6.50. The fifty day moving average price for TALK is $1.2316 and a two-hundred day moving average price translates $0.8898 for the stock.
The latest earnings results from Talkspace Inc. (NASDAQ: TALK) was released for Jun, 2023. According to the Health Information Services Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.05 by 0.02. This compares to -$0.13 EPS in the same period last year. The net profit margin was -62.00% and return on equity was -58.00% for TALK. The company reported revenue of $33.34 million for the quarter, compared to $30.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.57 percent. For the current quarter, analysts expect TALK to generate $35.21M in revenue.
Talkspace Inc.(TALK) Company Profile
Talkspace, Inc. operates as a virtual behavioral healthcare company. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans through both business-to-business and business-to-consumer channels. It provides text, audio, and video-based psychotherapy from licensed therapists. The company offers Talkspace for Business for employees to access its platform services on a benefit plan paid by the employer; and Talkspace Employee Assistance Program (EAP) and Talkspace Behavioral Health plan, that provides online therapy to employees through EAP and behavioral health benefits. Talkspace, Inc. was founded in 2012 and is based in New York, New York.
