Talkspace (NASDAQ:TALK) Issues Earnings Results, Hits Expectations

Talkspace (NASDAQ:TALK - Get Free Report) posted its earnings results on Thursday. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, Zacks reports. The company had revenue of $48.72 million during the quarter, compared to analyst estimates of $49.94 million. Talkspace had a negative return on equity of 1.17% and a negative net margin of 0.76%. Talkspace updated its FY 2025 guidance to EPS.

Talkspace Stock Performance

Shares of Talkspace stock traded down $0.28 during midday trading on Friday, reaching $3.01. 5,023,643 shares of the company's stock traded hands, compared to its average volume of 1,980,859. The company has a market cap of $508.46 million, a price-to-earnings ratio of -301.00 and a beta of 1.14. Talkspace has a 52 week low of $1.60 and a 52 week high of $4.36. The company's 50 day simple moving average is $3.30 and its 200 day simple moving average is $2.80.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Northland Capmk raised shares of Talkspace to a "strong-buy" rating in a research note on Wednesday, November 20th. KeyCorp began coverage on Talkspace in a report on Monday, December 9th. They set an "overweight" rating and a $4.50 price target on the stock. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research report on Friday. Barclays boosted their price objective 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. Finally, Northland Securities assumed coverage on shares of Talkspace in a research note on Wednesday, November 20th. They set an "outperform" rating and a $5.00 target price for the company. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Talkspace has an average rating of "Buy" and an average target price of $4.38.

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.