Northland Capmk Lowers Earnings Estimates for Talkspace

Talkspace, Inc. (NASDAQ:TALK) – Research analysts at Northland Capmk reduced their FY2026 earnings estimates for Talkspace in a research note issued to investors on Wednesday, May 7th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings per share of $0.06 for the year, down from their prior forecast of $0.07. The consensus estimate for Talkspace’s current full-year earnings is $0.08 per share.

A number of other research analysts have also weighed in on TALK. Canaccord Genuity Group started coverage on Talkspace in a report on Thursday, April 3rd. They set a “buy” rating and a $5.00 target price for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Talkspace in a research note on Tuesday. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Talkspace presently has an average rating of “Buy” and an average price target of $4.50.

Talkspace Price Performance

Talkspace stock opened at $3.02 on Thursday. Talkspace has a one year low of $1.60 and a one year high of $4.36. The firm has a market capitalization of $508.68 million, a P/E ratio of 302.30 and a beta of 1.13. The business has a fifty day moving average price of $2.84 and a 200-day moving average price of $3.11.

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

Insider Activity at Talkspace

In other news, CEO Jon R. Cohen purchased 75,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was purchased at an average price 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 82,270 shares of company stock valued at $235,312 over the last three months. 21.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talkspace

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

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.