Talkspace (NASDAQ:TALK – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, RTT News reports. Talkspace had a negative return on equity of 6.52% and a negative net margin of 4.44%. The company had revenue of $47.40 million during the quarter, compared to analysts’ expectations of $47.50 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. Talkspace updated its FY 2024 guidance to EPS.
Talkspace Stock Performance
Shares of TALK stock traded down $0.03 during trading hours on Wednesday, reaching $3.15. The company had a trading volume of 1,614,538 shares, compared to its average volume of 1,586,386. The stock has a fifty day moving average of $2.21 and a 200-day moving average of $2.35. The company has a market capitalization of $529.87 million, a price-to-earnings ratio of -63.40 and a beta of 1.21. Talkspace has a 12-month low of $1.41 and a 12-month high of $3.92.
Insider Activity
In other Talkspace news, CFO Ian Jiro Harris acquired 23,100 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $2.11 per share, for a total transaction of $48,741.00. Following the completion of the transaction, the chief financial officer now owns 397,657 shares of the company’s stock, valued at approximately $839,056.27. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 21.70% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on TALK
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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