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

Talkspace (NASDAQ:TALK) issued its earnings results on Thursday. The company reported $0.01 earnings per share 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 Stock Down 14.8 %

Shares of NASDAQ:TALK opened at $3.29 on Friday. Talkspace has a 52-week low of $1.60 and a 52-week high of $4.36. The stock has a market cap of $555.76 million, a P/E ratio of -329.00 and a beta of 1.14. The business’s 50 day moving average is $3.30 and its 200 day moving average is $2.79.

Analysts Set New Price Targets

Several research analysts have commented on the stock. 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. 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 report on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of Talkspace in a report on Friday. Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, Mizuho initiated coverage on shares of Talkspace in a research report on Wednesday, December 4th. They set an “outperform” rating and a $5.00 target price on the stock. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.