Q2 2023 EPS Estimates for Talkspace, Inc. (OTCMKTS:TALK) Lifted by SVB Leerink

Posted by on May 6th, 2023

Talkspace, Inc. (OTCMKTS:TALK – Get Rating) – Equities research analysts at SVB Leerink upped their Q2 2023 earnings per share (EPS) estimates for shares of Talkspace in a report issued on Tuesday, May 2nd. SVB Leerink analyst S. Davis now forecasts that the company will earn ($0.06) per share for the quarter, up from their prior forecast of ($0.07). The consensus estimate for Talkspace’s current full-year earnings is ($0.25) per share. SVB Leerink also issued estimates for Talkspace’s Q3 2023 earnings at ($0.05) EPS, Q4 2023 earnings at ($0.05) EPS, FY2023 earnings at ($0.22) EPS, Q1 2024 earnings at ($0.03) EPS, Q2 2024 earnings at ($0.03) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.03) EPS and FY2024 earnings at ($0.12) EPS.

Talkspace (OTCMKTS:TALK – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. Talkspace had a negative return on equity of 44.37% and a negative net margin of 55.45%. The firm had revenue of $30.24 million for the quarter, compared to analysts’ expectations of $29.05 million.

Talkspace Stock Performance

Shares of TALK opened at $0.84 on Friday. The firm has a market capitalization of $136.44 million, a price-to-earnings ratio of -2.00 and a beta of 1.03. Talkspace has a one year low of $0.52 and a one year high of $1.94. The stock’s fifty day moving average is $0.77 and its 200-day moving average is $0.77.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 Asset Management L.P. boosted its position in Talkspace by 253.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 3,222,580 shares of the company’s stock worth $3,319,000 after acquiring an additional 2,311,394 shares during the period. Emfo LLC raised its stake in shares of Talkspace by 5,900.0% during the 3rd quarter. Emfo LLC now owns 90,000 shares of the company’s stock worth $93,000 after purchasing an additional 88,500 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Talkspace by 87.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,594,800 shares of the company’s stock valued at $973,000 after acquiring an additional 744,800 shares in the last quarter. ExodusPoint Capital Management LP raised its stake in shares of Talkspace by 68.7% in the 2nd quarter. ExodusPoint Capital Management LP now owns 533,113 shares of the company’s stock valued at $906,000 after acquiring an additional 217,094 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Talkspace by 96.2% in the 3rd quarter. Renaissance Technologies LLC now owns 500,600 shares of the company’s stock valued at $516,000 after acquiring an additional 245,400 shares in the last quarter. Institutional investors own 54.04% of the company’s stock.

About Talkspace

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Talkspace, Inc operates as a virtual behavior healthcare company. It delivers healthcare through encrypted web and mobile platform. The company offers treatment options for every need, including psychiatry or adolescent, individual, or couples therapy. The members can send text, video, and voice messages to their therapists and engage in live video sessions.

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Earnings History and Estimates for Talkspace (OTCMKTS:TALK)

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