Research Analysts Issue Forecasts for Talkspace, Inc.’s FY2024 Earnings (NASDAQ:TALK)

Talkspace, Inc. (NASDAQ:TALK) – Analysts at William Blair issued their FY2024 earnings per share (EPS) estimates for shares of Talkspace in a note issued to investors on Tuesday, May 7th. William Blair analyst R. Daniels anticipates that the company will earn ($0.01) per share for the year. The consensus estimate for Talkspace’s current full-year earnings is ($0.03) per share.

Talkspace (NASDAQ:TALK) last released its earnings results on Thursday, February 22nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $42.42 million during the quarter, compared to analyst estimates of $38.30 million. Talkspace had a negative net margin of 12.78% and a negative return on equity of 16.06%. During the same quarter in the prior year, the firm earned ($0.08) earnings per share.

Several other equities analysts have also weighed in on the stock. TheStreet upgraded shares of Talkspace from a “d” rating to a “c-” rating in a report on Thursday, February 22nd. Barclays increased their target price on shares of Talkspace from $2.50 to $3.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd.

Talkspace Stock Performance

NASDAQ:TALK opened at $2.85 on Friday. The stock has a 50 day moving average price of $3.26 and a 200 day moving average price of $2.59. The stock has a market cap of $483.47 million, a PE ratio of -23.75 and a beta of 1.29. Talkspace has a one year low of $0.80 and a one year high of $3.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TALK. Advisory Alpha LLC acquired a new position in Talkspace during the 1st quarter worth $296,000. Essex Investment Management Co. LLC grew its position in shares of Talkspace by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 1,339,494 shares of the company’s stock worth $4,782,000 after buying an additional 20,613 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Talkspace by 5.3% during the first quarter. GSA Capital Partners LLP now owns 236,921 shares of the company’s stock worth $846,000 after buying an additional 11,977 shares during the period. Fifth Lane Capital LP acquired a new stake in Talkspace in the first quarter valued at approximately $55,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Talkspace in the first quarter worth approximately $132,000. Hedge funds and other institutional investors own 57.37% of the company’s stock.

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.