Analysts Issue Forecasts for Talkspace FY2024 Earnings

Talkspace, Inc. (NASDAQ:TALK) – Northland Capmk issued their FY2024 EPS estimates for Talkspace in a research note issued on Wednesday, November 20th. Northland Capmk analyst B. Brooks forecasts that the company will post earnings per share of $0.00 for the year. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Talkspace’s current full-year earnings is ($0.03) per share. Northland Capmk also issued estimates for Talkspace’s Q4 2024 earnings at $0.00 EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.01 EPS, Q4 2025 earnings at $0.02 EPS and FY2025 earnings at $0.06 EPS.

TALK has been the topic of several other research reports. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a report on Wednesday, October 30th. Northland Securities began coverage on shares of Talkspace in a research note on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, Barclays upped their price target on shares of Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.00.

Talkspace Price Performance

NASDAQ:TALK opened at $3.45 on Monday. The firm has a market capitalization of $582.78 million, a price-to-earnings ratio of -345.00 and a beta of 1.11. Talkspace has a 1 year low of $1.60 and a 1 year high of $3.92. The business has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $2.37.

Talkspace (NASDAQ:TALK) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. The firm had revenue of $47.40 million during the quarter, compared to the consensus estimate of $47.50 million. During the same quarter last year, the firm earned ($0.03) EPS.

Institutional Trading of Talkspace

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Talkspace by 36.4% in the 3rd quarter. State Street Corp now owns 2,176,589 shares of the company’s stock valued at $4,549,000 after purchasing an additional 580,826 shares in the last quarter. Royce & Associates LP bought a new stake in Talkspace during the 3rd quarter valued at $1,045,000. Dimensional Fund Advisors LP purchased a new position in shares of Talkspace in the 2nd quarter valued at $921,000. Divisadero Street Capital Management LP raised its position in shares of Talkspace by 13.2% in the 2nd quarter. Divisadero Street Capital Management LP now owns 3,111,717 shares of the company’s stock worth $7,157,000 after acquiring an additional 361,717 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Talkspace by 2,480.3% during the second quarter. Bank of New York Mellon Corp now owns 353,739 shares of the company’s stock valued at $814,000 after purchasing an additional 340,030 shares in the last quarter. 57.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Ian Jiro Harris bought 23,100 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $2.11 per share, with a total value of $48,741.00. Following the transaction, the chief financial officer now directly owns 397,657 shares in the company, valued at approximately $839,056.27. This trade represents a 6.17 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 21.70% of the company’s stock.

About Talkspace

Talkspace, Inc operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs. It provides text, audio, and video-based psychotherapy from licensed therapists.