Talkspace, Inc. (NASDAQ:TALK - Free Report) - Equities researchers at Northland Capmk issued their FY2024 earnings per share (EPS) estimates for Talkspace in a report released on Wednesday, November 20th. Northland Capmk analyst B. Brooks forecasts that the company will post earnings of $0.00 per share 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 ($0.02) 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.
Talkspace (NASDAQ:TALK - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $47.50 million. During the same period in the prior year, the firm posted ($0.03) EPS.
A number of other brokerages have also issued reports on TALK. Barclays increased their target price on shares of Talkspace from $2.00 to $3.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research note on Wednesday, October 30th. Finally, Northland Securities began coverage on Talkspace in a report on Wednesday, November 20th. They issued an "outperform" rating and a $5.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $4.00.
Check Out Our Latest Research Report on TALK
Talkspace Stock Performance
Shares of TALK stock traded down $0.02 on Monday, hitting $3.43. The company's stock had a trading volume of 1,300,284 shares, compared to its average volume of 1,616,995. Talkspace has a fifty-two week low of $1.60 and a fifty-two week high of $3.92. The stock's 50 day moving average is $2.70 and its 200-day moving average is $2.37. The company has a market capitalization of $579.40 million, a PE ratio of -343.00 and a beta of 1.11.
Institutional Investors Weigh In On Talkspace
Large investors have recently modified their holdings of the business. Barclays PLC boosted its stake in shares of Talkspace by 322.3% in the 3rd quarter. Barclays PLC now owns 175,990 shares of the company's stock valued at $368,000 after purchasing an additional 134,313 shares in the last quarter. State Street Corp lifted its stake in 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 during the last quarter. Clearline Capital LP boosted its position in Talkspace by 28.1% in the third quarter. Clearline Capital LP now owns 1,248,756 shares of the company's stock valued at $2,610,000 after buying an additional 273,994 shares in the last quarter. Josh Arnold Investment Consultant LLC bought a new stake in shares of Talkspace during the third quarter worth $125,000. Finally, MetLife Investment Management LLC grew its stake in shares of Talkspace by 27.1% during the third quarter. MetLife Investment Management LLC now owns 41,140 shares of the company's stock worth $86,000 after buying an additional 8,764 shares during the last quarter. Institutional investors and hedge funds own 57.37% of the company's stock.
Insider Activity
In other news, CFO Ian Jiro Harris acquired 23,100 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average cost 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 of the company's stock, valued at $839,056.27. The trade was a 6.17 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 21.70% of the company's stock.
About Talkspace
(
Get Free Report)
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.
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