Talkspace (NASDAQ:TALK - Get Free Report) issued its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, RTT News reports. The firm had revenue of $47.40 million for the quarter, compared to analysts' expectations of $47.50 million. Talkspace had a negative net margin of 4.44% and a negative return on equity of 6.52%. During the same quarter last year, the company posted ($0.03) earnings per share. Talkspace updated its FY 2024 guidance to EPS.
Talkspace Stock Performance
Shares of NASDAQ:TALK traded down $0.01 during trading hours on Wednesday, hitting $3.17. The stock had a trading volume of 3,770,599 shares, compared to its average volume of 1,596,651. The stock's fifty day simple moving average is $2.21 and its 200 day simple moving average is $2.35. The firm has a market capitalization of $533.23 million, a price-to-earnings ratio of -63.60 and a beta of 1.21. Talkspace has a 1-year low of $1.41 and a 1-year high of $3.92.
Insider Transactions at Talkspace
In other Talkspace news, CFO Ian Jiro Harris bought 23,100 shares of the business's stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of $2.11 per share, with a total value of $48,741.00. Following the purchase, the chief financial officer now directly owns 397,657 shares of the company's stock, valued at approximately $839,056.27. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 21.70% of the company's stock.
Wall Street Analysts Forecast Growth
TALK has been the topic of several recent research reports. Barclays raised their price target on Talkspace from $2.00 to $3.00 and gave the stock an "equal weight" rating in a report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of Talkspace in a research note on Wednesday.
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About Talkspace
(
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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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