Talkspace (NASDAQ:TALK) Announces Earnings Results, Meets Estimates

Talkspace (NASDAQ:TALK) issued its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01, Zacks reports. The company had revenue of $48.72 million during the quarter, compared to the consensus estimate of $49.94 million. Talkspace had a net margin of 0.61% and a return on equity of 0.98%. Talkspace updated its FY 2025 guidance to EPS.

Talkspace Stock Down 8.5 %

Shares of TALK stock opened at $3.01 on Friday. The firm has a 50 day moving average of $3.30 and a two-hundred day moving average of $2.80. Talkspace has a 52 week low of $1.60 and a 52 week high of $4.36. The stock has a market capitalization of $508.45 million, a PE ratio of 301.30 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Mizuho started coverage on shares of Talkspace in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 price objective for the company. Northland Capmk raised Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research report on Friday. 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. Finally, Barclays upped their price target on Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Talkspace has an average rating of “Buy” and a consensus price target of $4.38.

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.