Talkspace
TALK

$1.79

3.19%

Market Cap: $301M

About: Talkspace Inc is a behavioral healthcare company offering access to licensed therapists, psychologists, and psychiatrists through its technology platform. It serves clients including health plans, enterprises, and individual subscribers. Therapists address various mental health conditions, while psychiatrists cater to a higher acuity demographic. Revenue primarily stems from payor and direct-to-enterprise clients, with contracts lasting one to three years. The majority of the Company's operations and revenues are based in the United States.

Employees: 472

Healthcare Health Services

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

6,600% more call options, than puts

Call options by funds: $469K | Put options by funds: $7K

40% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 25

10% more funds holding

Funds holding: 97 [Q1] → 107 (+10) [Q2]

4.54% more ownership

Funds ownership: 53.43% [Q1] → 57.96% (+4.54%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

3% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 30

30% less capital invested

Capital invested by funds: $317M [Q1] → $223M (-$94M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for TALK.

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Financial journalist opinion

Based on 3 articles about TALK published over the past 30 days

Talkspace Expands Its Specialized Support for Teens with Launch of New Peer-to-Peer Community Product

NEW YORK--(BUSINESS WIRE)--Talkspace, a leading online behavioral health care company, announced it will bolster its teen offerings through the launch of Teenspace Community, a product built into its existing platform that allows teens to talk and share in a safe forum and connect with other teens anonymously. Additionally, Talkspace has entered into partnerships with BeMe, a leading digital platform focused on adolescent one-to-one coaching, and PM Pediatric Care, a leading national pediatric.

Talkspace Expands Its Specialized Support for Teens with Launch of New Peer-to-Peer Community Product

Talkspace: Strong Growth And New Buybacks Make This A Clear Buy (Rating Upgrade)

Upgrading Talkspace to a strong buy, as the stock has fallen to a valuation below

Talkspace: Strong Growth And New Buybacks Make This A Clear Buy (Rating Upgrade)

Talkspace: Attractively Valued With A Promising Outlook For Profitable Growth

Shares have underperformed this year, despite solid results from the underlying business. Revenue growth remains strong as the company has significantly expanded the number of consumers who have access to its offerings. I forecast a 21% increase in revenue for next year, bringing it to $230 million, with adjusted EBITDA expected to reach $19 million.

Talkspace: Attractively Valued With A Promising Outlook For Profitable Growth

Talkspace, Inc. (TALK) Q2 2024 Earnings Call Transcript

Talkspace, Inc. (NASDAQ:TALK ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Jeannine Feyen – Director-Communications Jon Cohen – Chief Executive Officer Ian Harris – Chief Financial Officer Conference Call Participants Stephanie Davis – Barclays Lucas Hunt – TD Cowen Jack Senft – William Blair Ryan MacDonald – Needham Operator Thank you for standing by. My name is Kathleen and I will be your conference operator today.

Talkspace, Inc. (TALK) Q2 2024 Earnings Call Transcript

Talkspace Announces Second Quarter 2024 Results

2Q 2024 Total revenue grew 29% year-over-year, driven by 62% year-over-year growth in Payor revenue Reduced GAAP Net loss to $0.5 million from $4.7 million year-over-year 2Q 2024 Adjusted EBITDA1 of $1.2 million Board approved an additional $25 million share repurchase program NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK), today reported second quarter 2024 financial results. Three Months Six Months June 30, 2024 (Unaudited) Results % Variance from Prior Year Results % Variance from Prior Year (In thousands unless otherwise noted) Number of eligible lives at period end (in millions) 145.3 33 % 145.3 33 % Number of completed Payor sessions 298.6 49 % 582.8 57 % Number of Consumer active members at period end 10.7 (22 )% 10.7 (22 )% Total revenue $ 46,058 29 % $ 91,474 33 % Gross profit $ 20,951 18 % $ 42,682 24 % Gross margin % 45.5% 46.7% Operating expenses $ 24,437 1 % $ 47,847 (4 )% Net loss $ (474 ) 90 % $ (1,940 ) 86 % Adjusted EBITDA1 $ 1,179 130 % $ 1,953 119 % Cash and cash equivalents at period end $ 114,913 — $ 114,913 — (1) Adjusted EBITDA is a non-GAAP financial measure.

Talkspace Announces Second Quarter 2024 Results

Talkspace Announces New In-Network Agreement with Humana Military (TRICARE East)

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health company, is now available to Humana Military (TRICARE East) recipients as an in-network benefit. Eligible members, including their partners and teen dependents (13+), can now receive therapy from a licensed clinician or psychiatric services (18+) from a Board-certified psychiatrist or psychiatric nurse practitioner–all virtually and privately. As active-duty military service members continue to be deployed,.

Talkspace Announces New In-Network Agreement with Humana Military (TRICARE East)

In Our Normalization Era: Talkspace's Second Annual Survey Validates Surge in Mental Health Openness and Calls for Greater Mental Health Care Access Across Generations

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health company, today released the results of its second annual New Normalization survey. This year's report titled, “In Our Normalization Era,” found that openness around mental health conversations continues to grow across all generations, with respondents significantly more open to discussing their mental health than they were five years ago. It also revealed that expectations for mental health support from empl.

In Our Normalization Era: Talkspace's Second Annual Survey Validates Surge in Mental Health Openness and Calls for Greater Mental Health Care Access Across Generations

Talkspace Launches Dedicated AI Innovation Group to Advance Provider Efficiency and Enhance Clinical Quality and Operations

NEW YORK--(BUSINESS WIRE)--Talkspace (NASDAQ: TALK), a leading online behavioral health care company, today announced the formation of the dedicated AI Innovation Group aimed at advancing provider efficiency, and enhancing clinical quality and overall operational excellence through responsible and ethical use of artificial intelligence. Created in partnership with Talkspace's Clinical Quality and Security and Compliance teams, this initiative marks the next iteration of Talkspace's maturing AI.

Talkspace Launches Dedicated AI Innovation Group to Advance Provider Efficiency and Enhance Clinical Quality and Operations

Mental Wellness Meets Fitness: Talkspace and FlexIt Partner to Bring Expanded Virtual Wellness to Their Members and Free Summer Fitness Classes to All Five Boroughs for #TeenTuesdays

NEW YORK--(BUSINESS WIRE)--Today, Talkspace, a leading online behavioral health care company, announced it will team up with FlexIt, the leader in virtual personal wellness, delivering personal training, nutrition, yoga, and more. Together, they will bring a series of free IRL outdoor fitness classes led by FlexIt's talented coaches to New York City's five boroughs this summer. The classes are open to all to promote and support teen wellness in the community. “We are inspired by how many young.

Mental Wellness Meets Fitness: Talkspace and FlexIt Partner to Bring Expanded Virtual Wellness to Their Members and Free Summer Fitness Classes to All Five Boroughs for #TeenTuesdays

Talkspace and Wellbeing at Work Announce Strategic Partnership to Transform Utilization and Access to Employee Wellbeing

LONGMONT, Colo.--(BUSINESS WIRE)---- $TALK #humanresources--Talkspace, a leading provider of virtual mental health services, and Wellbeing at Work, a pioneer in employee benefits navigation, today announced a strategic partnership. This collaborative integration offers Talkspace's comprehensive digital mental health services within Wellbeing at Work's innovative benefits navigation platform, leveraging Gallup's science of wellbeing. In today's evolving landscape, employers increasingly seek integrated solutions addressi.

Talkspace and Wellbeing at Work Announce Strategic Partnership to Transform Utilization and Access to Employee Wellbeing

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