FY2024 EPS Estimates for Talkspace Increased by Analyst

Talkspace, Inc. (NASDAQ:TALK - Free Report) - Investment analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for shares of Talkspace in a research note issued on Tuesday, October 29th. William Blair analyst R. Daniels now forecasts that the company will earn $0.00 per share for the year, up from their prior forecast of ($0.01). The consensus estimate for Talkspace's current full-year earnings is ($0.04) per share.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter. Talkspace had a negative return on equity of 6.52% and a negative net margin of 4.44%. The firm had revenue of $47.40 million during the quarter, compared to the consensus estimate of $47.50 million. During the same quarter in the prior year, the company earned ($0.03) EPS.

A number of other brokerages have also recently commented on TALK. Barclays upped their price target on Talkspace from $2.00 to $3.00 and gave the company an "equal weight" rating in a research report on Tuesday. Needham & Company LLC reaffirmed a "hold" rating on shares of Talkspace in a research report on Wednesday.

Talkspace Price Performance

Shares of NASDAQ TALK traded down $0.01 during trading on Wednesday, reaching $3.17. 3,770,136 shares of the stock traded hands, compared to its average volume of 1,596,651. Talkspace has a 52-week low of $1.41 and a 52-week high of $3.92. The company has a 50-day moving average of $2.21 and a 200-day moving average of $2.35. The stock has a market capitalization of $533.23 million, a P/E ratio of -63.60 and a beta of 1.21.

Insider Buying and Selling

In related news, CFO Ian Jiro Harris acquired 19,500 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were acquired at an average price of $2.20 per share, with a total value of $42,900.00. Following the acquisition, the chief financial officer now owns 347,057 shares of the company's stock, valued at approximately $763,525.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 21.70% of the stock is currently owned by insiders.

Institutional Trading of Talkspace

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Lane Capital LP purchased a new stake in shares of Talkspace in the 1st quarter valued at about $55,000. Principal Financial Group Inc. purchased a new stake in shares of Talkspace in the 2nd quarter valued at about $38,000. Virtu Financial LLC purchased a new stake in shares of Talkspace in the 1st quarter valued at about $74,000. Creative Planning raised its holdings in shares of Talkspace by 30.6% in the 3rd quarter. Creative Planning now owns 26,386 shares of the company's stock valued at $55,000 after acquiring an additional 6,179 shares in the last quarter. Finally, Clear Harbor Asset Management LLC purchased a new stake in shares of Talkspace in the 3rd quarter valued at about $84,000. Hedge funds and other institutional investors own 57.37% of the company's stock.

Talkspace Company Profile

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.