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

Talkspace (NASDAQ:TALK) announced its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates 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 Trading Down 15.9 %

Shares of NASDAQ:TALK traded down $0.62 during trading on Thursday, hitting $3.25. 6,702,155 shares of the company’s stock traded hands, compared to its average volume of 1,750,128. Talkspace has a 52 week low of $1.60 and a 52 week high of $4.36. The company has a market cap of $548.15 million, a price-to-earnings ratio of -324.50 and a beta of 1.14. The company has a 50-day moving average price of $3.30 and a 200-day moving average price of $2.79.

Wall Street Analyst Weigh In

A number of analysts recently commented on TALK shares. Northland Securities started coverage on Talkspace in a research report on Wednesday, November 20th. They issued an “outperform” rating and a $5.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research report on Wednesday, October 30th. Barclays boosted their target price on Talkspace from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. KeyCorp began coverage on Talkspace in a research report on Monday, December 9th. They set an “overweight” rating and a $4.50 target price for the company. Finally, Northland Capmk upgraded Talkspace to a “strong-buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Talkspace presently has a consensus rating of “Buy” and an average 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.