Talkspace (NASDAQ:TALK) Releases Quarterly Earnings Results, Meets Expectations

Talkspace (NASDAQ:TALK) announced its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01, Zacks reports. Talkspace had a negative net margin of 0.76% and a negative return on equity of 1.17%. Talkspace updated its FY 2025 guidance to EPS.

Talkspace Trading Down 15.9 %

Shares of Talkspace stock traded down $0.62 during trading on Thursday, reaching $3.25. The company’s stock had a trading volume of 6,702,155 shares, compared to its average volume of 1,750,128. The stock has a 50-day moving average price of $3.30 and a two-hundred day moving average price of $2.79. Talkspace has a one year low of $1.60 and a one year high of $4.36. The stock has a market capitalization of $548.15 million, a P/E ratio of -324.50 and a beta of 1.14.

Wall Street Analyst Weigh In

Several brokerages recently commented on TALK. Mizuho began coverage on Talkspace in a research report on Wednesday, December 4th. They issued an “outperform” rating and a $5.00 target price for the company. Northland Securities initiated coverage on Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 price objective for the company. KeyCorp initiated coverage on Talkspace in a report on Monday, December 9th. They set an “overweight” rating and a $4.50 price objective for the company. Northland Capmk raised Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a report on Wednesday, October 30th. Two 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.