Talkspace FY2026 EPS Forecast Lowered by Northland Capmk

Talkspace, Inc. (NASDAQ:TALK - Free Report) - Equities research analysts at Northland Capmk dropped their FY2026 earnings per share (EPS) estimates for shares of Talkspace in a research note issued on Wednesday, May 7th. Northland Capmk analyst B. Brooks now expects that the company will post earnings of $0.06 per share for the year, down from their prior estimate of $0.07. The consensus estimate for Talkspace's current full-year earnings is $0.08 per share.

Talkspace (NASDAQ:TALK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $48.72 million during the quarter, compared to the consensus estimate of $49.94 million. Talkspace had a net margin of 0.61% and a return on equity of 0.98%.

TALK has been the topic of a number of other reports. Canaccord Genuity Group began coverage on shares of Talkspace in a research note on Thursday, April 3rd. They issued a "buy" rating and a $5.00 target price on the stock. Needham & Company LLC restated a "hold" rating on shares of Talkspace in a research report on Tuesday. Two equities 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 company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $4.50.

Talkspace Stock Down 3.3 %

Shares of NASDAQ TALK opened at $3.04 on Thursday. The firm has a market capitalization of $511.21 million, a P/E ratio of 303.80 and a beta of 1.13. The stock's 50-day simple moving average is $2.83 and its two-hundred day simple moving average is $3.10. Talkspace has a twelve month low of $1.60 and a twelve month high of $4.36.

Institutional Trading of Talkspace

A number of hedge funds have recently made changes to their positions in the stock. CWM LLC raised its stake in Talkspace by 1,230.7% during the first quarter. CWM LLC now owns 21,265 shares of the company's stock valued at $54,000 after buying an additional 19,667 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in Talkspace in the 1st quarter worth about $1,298,000. Wealth Enhancement Advisory Services LLC bought a new position in Talkspace in the 1st quarter worth about $104,000. Sugar Maple Asset Management LLC grew its position in Talkspace by 85.4% during the 1st quarter. Sugar Maple Asset Management LLC now owns 51,900 shares of the company's stock valued at $133,000 after purchasing an additional 23,900 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in Talkspace during the 1st quarter valued at about $29,000. 57.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jon R. Cohen purchased 75,000 shares of Talkspace stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $2.86 per share, with a total value of $214,500.00. Following the completion of the purchase, the chief executive officer now directly owns 2,267,980 shares in the company, valued at approximately $6,486,422.80. This trade represents a 3.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased 82,270 shares of company stock worth $235,312 over the last three months. Company insiders own 21.70% of the company's stock.

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.

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