The price of Talkspace Inc (NASDAQ:TALK) shares last traded on Wall Street fell -0.86% to $2.30.
TALK stock price is now -15.68% away from the 50-day moving average and -7.69% away from the 200-day moving average. The market capitalization of the company currently stands at $390.29M.
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With the price target of $2.50, Barclays recently initiated with Equal Weight rating for Talkspace Inc (NASDAQ: TALK). On December 02, 2021, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $2, while ‘SVB Leerink’ rates the stock as ‘Mkt Perform’
In other news, Watson Katelyn, Chief Marketing Officer sold 94,018 shares of the company’s stock on May 21 ’24. The stock was sold for $253,849 at an average price of $2.70. Upon completion of the transaction, the Chief Marketing Officer now directly owns 478,473 shares in the company, valued at $1.1 million. A total of 28.01% of the company’s stock is owned by insiders.
During the past 12 months, Talkspace Inc has had a low of $1.16 and a high of $3.92. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 8.65, and a quick ratio of 8.65. The fifty day moving average price for TALK is $2.715 and a two-hundred day moving average price translates $2.49445 for the stock.
The latest earnings results from Talkspace Inc (NASDAQ: TALK) was released for 2024-03-31. The net profit margin was -7.33% and return on equity was -9.86% for TALK. The company reported revenue of $45.42 million for the quarter, compared to $33.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.24 percent.
