Talkspace FY2026 EPS Estimate Reduced by Northland Capmk

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

Several other research firms have also recently issued reports on TALK. Needham & Company LLC reissued a "hold" rating on shares of Talkspace in a report on Tuesday, May 6th. Canaccord Genuity Group began coverage on shares of Talkspace in a report on Thursday, April 3rd. They set a "buy" rating and a $5.00 price objective for the company. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $4.50.

Talkspace Stock Down 0.3%

TALK traded down $0.01 during trading on Thursday, hitting $3.07. 1,069,496 shares of the company traded hands, compared to its average volume of 1,846,469. The firm has a market cap of $517.10 million, a P/E ratio of 307.31 and a beta of 1.13. The stock's fifty day moving average is $2.85 and its 200 day moving average is $3.11. Talkspace has a one year low of $1.60 and a one year high of $4.36.

Talkspace (NASDAQ:TALK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $48.72 million for the quarter, compared to analysts' expectations of $49.94 million. Talkspace had a return on equity of 0.98% and a net margin of 0.61%.

Insiders Place Their Bets

In other news, CEO Jon R. Cohen bought 75,000 shares of the firm's 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 $6,486,422.80. This represents a 3.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders acquired 82,270 shares of company stock valued at $235,312 over the last three months. Insiders own 21.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG increased its position in Talkspace by 103.1% during the 4th quarter. Deutsche Bank AG now owns 4,615,485 shares of the company's stock valued at $14,262,000 after purchasing an additional 2,342,913 shares during the period. Voss Capital LP purchased a new position in Talkspace during the 4th quarter valued at $3,981,000. Arrowstreet Capital Limited Partnership purchased a new position in Talkspace during the 4th quarter valued at $3,371,000. Balyasny Asset Management L.P. purchased a new stake in Talkspace in the fourth quarter worth $3,179,000. Finally, CenterBook Partners LP grew its stake in Talkspace by 410.5% in the first quarter. CenterBook Partners LP now owns 1,155,006 shares of the company's stock worth $2,957,000 after purchasing an additional 928,744 shares during the period. 57.37% of the stock is owned by hedge funds and other institutional investors.

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.