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

Talkspace (NASDAQ:TALK) issued its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01, Zacks reports. 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 Price Performance

Shares of NASDAQ TALK traded down $0.74 during mid-day trading on Thursday, hitting $3.13. The company’s stock had a trading volume of 5,891,648 shares, compared to its average volume of 1,733,216. The company’s fifty day simple moving average is $3.30 and its 200-day simple moving average is $2.79. Talkspace has a one year low of $1.60 and a one year high of $4.36. The stock has a market cap of $527.88 million, a price-to-earnings ratio of -312.50 and a beta of 1.14.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Northland Securities began coverage on Talkspace in a research report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price objective on the stock. Barclays increased 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 reissued a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th. Mizuho assumed coverage on shares of Talkspace in a report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, KeyCorp started coverage on Talkspace in a research report on Monday, December 9th. They set an “overweight” rating and a $4.50 price target on the stock. Two investment 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’s stock. According to data from MarketBeat, the company has a consensus 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.