Talkspace, Inc. to Post Q2 2023 Earnings of ($0.05) Per Share, William Blair Forecasts (OTCMKTS:TALK)

Posted by on May 6th, 2023

Talkspace, Inc. (OTCMKTS:TALK – Get Rating) – Research analysts at William Blair raised their Q2 2023 EPS estimates for shares of Talkspace in a research note issued to investors on Tuesday, May 2nd. William Blair analyst R. Daniels now anticipates that the company will post earnings per share of ($0.05) for the quarter, up from their prior estimate of ($0.07). The consensus estimate for Talkspace’s current full-year earnings is ($0.25) per share. William Blair also issued estimates for Talkspace’s Q3 2023 earnings at ($0.05) EPS, Q4 2023 earnings at ($0.05) EPS, FY2023 earnings at ($0.21) EPS, Q2 2024 earnings at ($0.03) EPS and Q3 2024 earnings at ($0.03) EPS.

Talkspace Price Performance

Shares of OTCMKTS:TALK opened at $0.84 on Friday. Talkspace has a 1-year low of $0.52 and a 1-year high of $1.94. The company has a market capitalization of $136.44 million, a P/E ratio of -2.00 and a beta of 1.03. The firm’s 50 day simple moving average is $0.77 and its two-hundred day simple moving average is $0.77.

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

Institutional Investors Weigh In On Talkspace

Large investors have recently modified their holdings of the business. Two Sigma Investments LP acquired a new stake in shares of Talkspace during the fourth quarter worth $25,000. XTX Topco Ltd acquired a new stake in shares of Talkspace during the first quarter worth $53,000. Jane Street Group LLC lifted its position in Talkspace by 1,138.7% during the fourth quarter. Jane Street Group LLC now owns 130,381 shares of the company’s stock valued at $80,000 after purchasing an additional 119,855 shares during the period. Emfo LLC lifted its holdings in shares of Talkspace by 5,900.0% in the 3rd quarter. Emfo LLC now owns 90,000 shares of the company’s stock valued at $93,000 after buying an additional 88,500 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of Talkspace in the 2nd quarter valued at about $140,000. 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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