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

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

Talkspace Stock Down 8.5 %

TALK stock opened at $3.01 on Friday. Talkspace has a fifty-two week low of $1.60 and a fifty-two week high of $4.36. The firm’s 50-day simple moving average is $3.30 and its 200 day simple moving average is $2.80. The stock has a market cap of $508.45 million, a PE ratio of 301.30 and a beta of 1.14.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Talkspace from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a “hold” rating on shares of Talkspace in a research note on Friday. KeyCorp started coverage on shares of Talkspace in a report on Monday, December 9th. They issued an “overweight” rating and a $4.50 price target on the stock. Northland Capmk raised shares of Talkspace to a “strong-buy” rating in a report on Wednesday, November 20th. Finally, Northland Securities started coverage on shares of Talkspace in a report on Wednesday, November 20th. They set an “outperform” rating and a $5.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Talkspace 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.