What is KeyCorp’s Estimate for Talkspace FY2024 Earnings?

Talkspace, Inc. (NASDAQ:TALK) – Stock analysts at KeyCorp issued their FY2024 earnings estimates for Talkspace in a research report issued on Monday, December 9th. KeyCorp analyst S. Schoenhaus forecasts that the company will post earnings of $0.07 per share for the year. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for Talkspace’s current full-year earnings is ($0.02) per share. KeyCorp also issued estimates for Talkspace’s FY2025 earnings at $0.10 EPS and FY2026 earnings at $0.19 EPS.

Other research analysts also recently issued research reports about the stock. Mizuho started coverage on shares of Talkspace in a report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 price target on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Talkspace in a report on Wednesday, October 30th. Barclays lifted their price target 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. Northland Securities assumed coverage on shares of Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price objective for the company. Finally, Northland Capmk upgraded shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $4.38.

Talkspace Stock Performance

Shares of NASDAQ TALK opened at $3.46 on Wednesday. The stock has a market cap of $584.47 million, a price-to-earnings ratio of -346.00 and a beta of 1.12. Talkspace has a 52 week low of $1.60 and a 52 week high of $3.92. The business has a 50 day simple moving average of $3.03 and a 200 day simple moving average of $2.42.

Talkspace (NASDAQ:TALK) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.01 EPS for the quarter. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. The business had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $47.50 million. During the same period in the previous year, the company posted ($0.03) EPS.

Insider Buying and Selling at Talkspace

In other Talkspace news, CFO Ian Jiro Harris purchased 23,100 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of $2.11 per share, for a total transaction 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 approximately $839,056.27. This represents a 6.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.70% of the company’s stock.

Institutional Trading of Talkspace

Institutional investors have recently made changes to their positions in the business. Sugar Maple Asset Management LLC acquired a new position in shares of Talkspace in the 3rd quarter worth approximately $33,000. Principal Financial Group Inc. acquired a new position in Talkspace during the second quarter worth $38,000. Creative Planning boosted its stake 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 purchasing an additional 6,179 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Talkspace in the 3rd quarter worth about $56,000. Finally, Aigen Investment Management LP increased its position in shares of Talkspace by 37.8% during the 3rd quarter. Aigen Investment Management LP now owns 35,568 shares of the company’s stock worth $74,000 after purchasing an additional 9,766 shares in the last quarter. 57.37% of the stock is currently owned by institutional investors and hedge funds.

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.