Analysts Offer Predictions for Talkspace FY2024 Earnings

Talkspace, Inc. (NASDAQ:TALK) – Equities researchers at KeyCorp issued their FY2024 EPS estimates for Talkspace in a research note issued to investors on Monday, December 9th. KeyCorp analyst S. Schoenhaus expects that the company will earn $0.07 per share for the year. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for Talkspace’s current full-year earnings is ($0.02) per share. KeyCorp also issued estimates for Talkspace’s FY2025 earnings at $0.10 EPS and FY2026 earnings at $0.19 EPS.

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

Several other analysts have also commented on the stock. Barclays lifted their price target on shares of Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Northland Securities assumed coverage on shares of Talkspace in a research note on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price target for the company. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research note on Wednesday, October 30th. Mizuho initiated coverage on shares of Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price target for the company. Finally, Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $4.38.

Talkspace Trading Down 2.9 %

TALK stock opened at $3.33 on Wednesday. The business’s 50-day moving average is $3.07 and its 200 day moving average is $2.44. Talkspace has a 12-month low of $1.60 and a 12-month high of $3.92. The stock has a market cap of $562.51 million, a price-to-earnings ratio of -333.00 and a beta of 1.12.

Hedge Funds Weigh In On Talkspace

A number of large investors have recently bought and sold shares of TALK. Divisadero Street Capital Management LP raised its stake 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 valued at $7,157,000 after acquiring an additional 361,717 shares during the period. State Street Corp raised its stake 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 acquiring an additional 580,826 shares during the period. Clearline Capital LP raised its stake in shares of Talkspace by 28.1% in the 3rd quarter. Clearline Capital LP now owns 1,248,756 shares of the company’s stock valued at $2,610,000 after acquiring an additional 273,994 shares during the period. Royce & Associates LP acquired a new stake in Talkspace during the 3rd quarter valued at $1,045,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Talkspace during the 2nd quarter valued at $921,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

Insider Activity

In related news, CFO Ian Jiro Harris purchased 23,100 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $2.11 per share, with a total value of $48,741.00. Following the completion of the purchase, 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 filing with the SEC, which is available at this hyperlink. Company 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.