Talkspace FY2025 EPS Estimate Reduced by Northland Capmk

Key Points

• Northland Capital Markets has revised down its FY2025 earnings per share estimate for Talkspace from $0.05 to $0.04, while the consensus estimate currently stands at $0.08 per share.
• Despite the downgrade, Talkspace's stock has a consensus rating of "Buy" with a target price of $4.50; two analysts rated it as a hold, three as buy, and two as strong buy.
• Recently disclosed insider trading shows CMO Katelyn Watson sold 39,000 shares, decreasing her position by 8.25%, which may indicate concerns over company performance.

Talkspace, Inc. (NASDAQ:TALK - Free Report) - Analysts at Northland Capmk decreased their FY2025 EPS estimates for shares of Talkspace in a report issued on Wednesday, August 6th. Northland Capmk analyst B. Brooks now anticipates that the company will post earnings of $0.04 per share for the year, down from their previous forecast of $0.05. The consensus estimate for Talkspace's current full-year earnings is $0.08 per share. Northland Capmk also issued estimates for Talkspace's FY2026 earnings at $0.08 EPS.

Talkspace (NASDAQ:TALK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.01). Talkspace had a net margin of 1.41% and a return on equity of 2.48%. The firm had revenue of $54.31 million during the quarter, compared to analyst estimates of $54.08 million.

Separately, Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $4.50.

Talkspace Trading Down 2.5%

NASDAQ:TALK traded down $0.07 during trading hours on Monday, reaching $2.52. 426,175 shares of the company were exchanged, compared to its average volume of 1,898,998. The stock's 50-day moving average is $2.68 and its 200-day moving average is $2.92. The firm has a market cap of $421.19 million, a PE ratio of 125.81 and a beta of 1.06. Talkspace has a twelve month low of $1.67 and a twelve month high of $4.36.

Institutional Investors Weigh In On Talkspace

A number of large investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new stake in shares of Talkspace during the second quarter worth $41,000. WINTON GROUP Ltd purchased a new stake in shares of Talkspace in the second quarter valued at about $186,000. Cerity Partners LLC purchased a new stake in shares of Talkspace in the second quarter valued at about $28,000. Jump Financial LLC purchased a new stake in shares of Talkspace in the second quarter valued at about $175,000. Finally, Invesco Ltd. grew its holdings in shares of Talkspace by 34.5% in the second quarter. Invesco Ltd. now owns 78,286 shares of the company's stock valued at $218,000 after purchasing an additional 20,073 shares during the period. Hedge funds and other institutional investors own 57.37% of the company's stock.

Insider Activity

In other news, CMO Katelyn Watson sold 39,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $3.30, for a total transaction of $128,700.00. Following the completion of the sale, the chief marketing officer owned 433,997 shares of the company's stock, valued at $1,432,190.10. This represents a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.50% of the stock is owned by insiders.

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.