Northland Capmk Weighs in on Talkspace FY2024 Earnings

Talkspace, Inc. (NASDAQ:TALK) – Research analysts at Northland Capmk issued their FY2024 earnings estimates for Talkspace in a research report issued to clients and investors on Wednesday, November 20th. Northland Capmk analyst B. Brooks anticipates that the company will earn $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) last issued 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 1.17% and a negative net margin of 0.76%. The business had revenue of $47.40 million during the quarter, compared to the consensus estimate of $47.50 million. During the same period in the previous year, the firm posted ($0.03) earnings per share.

Other equities research analysts have also recently issued reports about the stock. Barclays lifted their price objective on shares of Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th. Finally, Northland Securities assumed coverage on shares of Talkspace in a report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective for the company. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Talkspace has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Talkspace Stock Performance

Shares of TALK stock opened at $3.31 on Monday. Talkspace has a 1 year low of $1.60 and a 1 year high of $3.92. The firm has a market capitalization of $559.13 million, a PE ratio of -331.00 and a beta of 1.11. The stock has a fifty day moving average of $2.73 and a two-hundred day moving average of $2.37.

Insider Buying and Selling

In other Talkspace news, CFO Ian Jiro Harris bought 19,500 shares of Talkspace stock in a transaction that occurred on Tuesday, September 17th. The stock was purchased at an average cost of $2.20 per share, for a total transaction of $42,900.00. Following the completion of the acquisition, the chief financial officer now owns 347,057 shares of the company’s stock, valued at approximately $763,525.40. This represents a 5.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 21.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TALK. Sugar Maple Asset Management LLC bought a new stake in shares of Talkspace during the 3rd quarter worth $33,000. Principal Financial Group Inc. acquired a new position in shares of Talkspace in the 2nd quarter valued at $38,000. Creative Planning increased its stake in Talkspace by 30.6% in the 3rd quarter. Creative Planning now owns 26,386 shares of the company’s stock worth $55,000 after purchasing an additional 6,179 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Talkspace during the 3rd quarter worth about $56,000. Finally, Virtu Financial LLC acquired a new stake in Talkspace during the 1st quarter worth about $74,000. 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.