Digital healthcare company Talkspace’s (TALK) shares fell significantly in price after the company announced on Nov. 15 that its CEO and co-founder will be stepping down. But can the stock rebound on the back of the company’s more than 22% year-over-year revenue growth in its last reported quarter? Let’s find out.New York City-based Talkspace, Inc. (TALK), a virtual behavior healthcare company, made its stock market debut on June 23, 2021. The company merged it with Hudson (NYSE 🙂 Executive Investment Corp. On October 19, they announced live chat session that allows members to talk directly to their therapists. However, the stock has declined 38.6% in price over the past month to close Friday’s trading session at $2.24.

Furthermore, TALK’s shares have lost 35.3% since the company announced on November 15 that its co-founder and CEO, Oren Frank, and its co-founder and Head of Clinical Services, Roni Frank, will step down from their respective roles and from the company’s board of directors.

Three analysts have reduced their stock recommendations. Stephanie Davis, an analyst with SVB Leerink, said, “Our downgrade comes down to a combination of missteps in both execution and messaging.” So, TALK’s near-term prospects look bleak.

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