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. The company is based in New York, New York.
IPO Year: 2020
Exchange: NASDAQ
Website: talkspace.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/9/2024 | $4.50 | Overweight | KeyBanc Capital Markets |
| 12/4/2024 | $5.00 | Outperform | Mizuho |
| 11/20/2024 | $5.00 | Outperform | Northland Capital |
| 7/1/2024 | Hold | Needham | |
| 1/3/2024 | $2.50 | Equal Weight | Barclays |
| 12/2/2021 | $2.00 | Hold | Jefferies |
| 11/16/2021 | $10.00 → $3.00 | Outperform → Neutral | Robert W. Baird |
| 11/16/2021 | Outperform → Market Perform | SVB Leerink | |
| 11/16/2021 | $7.00 → $3.50 | Buy → Neutral | Citigroup |
| 11/16/2021 | $10.00 → $3.00 | Outperform → Neutral | Baird |
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Therapists can now produce audio episodes based on clients' unique needs to support them between sessions 90% of clients in the initial rollout say podcast is helpful Talkcast is secure, maintains clinician-client confidentiality, and adheres to HIPAA regulations and Talkspace's responsible AI principles Today, Talkspace (NASDAQ:TALK), a leading online behavioral healthcare company, announced the launch of Talkcast, a new AI-powered feature that allows therapists to generate personalized podcast episodes for their clients. Talkcast, available to 18+ members, extends the benefits of therapy by reinforcing key insights from their therapy sessions. "Talkcast is an exciting new tool for
Talkspace, a leading online behavioral health care company, announced today that its virtual therapy services are now available to more than one million Medicare members1 in Arizona. This expansion is part of Talkspace's broader nationwide rollout of tele-mental health services to Medicare beneficiaries– ensuring high-quality, affordable care is as convenient and accessible as possible for Americans 65 and older. Arizona is experiencing a critical, unmet need for mental health professionals. Among adults in Arizona who reported experiencing symptoms of anxiety and/or depressive disorders, 30.2% reported recently needing counseling or therapy, but not receiving it. Mental health diagnoses a
NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Today Talkspace (NASDAQ:TALK), a leading online behavioral health care company, announced it will support the U.S. Navy's pilot program to provide access to therapy and mental health resources for approximately 25,000 sailors and their dependents. The pilot, which is the first of its kind for the U.S. Navy, launched for 6 bases: Newport News Shipyard, Puget Sound Naval Shipyard, Naval Base Guam, Naval Base Ventura County (Port Hueneme), Naval Construction Battalion Center Gulfport, and Naval Air Station Whidbey Island and allows members to access care with Talkspace's licensed providers for free. "Serving those who selflessly serve is a profoun
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, today announced that members of senior management will participate in the following upcoming investor conferences: The TD Cowen 45th Annual Health Care Conference, being held in Boston, on Monday, March 3, 2025, including a fireside chat presentation at 11:10am ET.The Barclays 27th Annual Global Healthcare Conference, being held in Miami, on Tuesday, March 11, 2025, including a fireside chat presentation at 1:00pm ET. A webcast link and related presentation materials will be available on Talkspace's Investor Relations website: https://investors.talkspace.com/.The Oppenheimer 35th
Today Talkspace (NASDAQ:TALK), a leading online behavioral healthcare company, announced it will support the City of Memphis for a fifth consecutive year of delivering free virtual therapy and mental health resources to its ~8,000 employees, also adding employees' dependents 13+. This ongoing commitment reinforces the City's dedication to supporting the mental health and well-being of its employees and their families. Since January 2021, Talkspace has provided City of Memphis employees with convenient and confidential access to licensed providers through its virtual platform. Employees and now, dependents ages 13 and up, can be matched with a dedicated provider and meet with them for live
Full year 2024 total revenue grew 25% year-over-year to $187.6 millionFull year 2024 net income of $1.1 million and adjusted EBITDA1 of $7.0 million 4Q 2024 total revenue grew 15% year-over-year to $48.7 million4Q 2024 net income of $1.2 million and adjusted EBITDA1 of $2.7 million NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Talkspace, Inc. ("Talkspace" or the "Company") (NASDAQ:TALK), today reported fourth quarter and full year 2024 financial results. Three Months Ended December 31, 2024 Year Ended December 31, 2024 Unaudited Results % Variance from Prior Year Results % Variance from Prior Year(In thousands unless otherwise noted) Number of eligible lives at ye
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, today announced that it will release its fourth quarter and full year 2024 results on Thursday, February 20, 2025, before market open and host a conference call to review the results at 8:30am ET. Conference Call Details The conference call will be available via audio webcast at https://investors.talkspace.com/ and can also be accessed by dialing (888) 596-4144 for U.S. participants, or +1 (646) 968-2525 for international participants, and referencing participant code 1149251. A replay will be available shortly after the call's completion and remain available for approximately 90
Leading online therapy provider Talkspace encourages Americans to ensure they are "covered" for mental health services in the new year Recent survey data reveals that 4 out of 10 insured Americans intend to get therapy in 2025, but even more do not know if their plan covers it Is online therapy covered by my insurance? What does my insurance plan actually cover? For most Americans, it's much more than they think. Talkspace (NASDAQ:TALK), a leading online behavioral health company, is kicking off 2025 by launching National "Check Your Coverage Day" on Tuesday, January 21, to help Americans navigate their health insurance benefits and coverage for in-network and affordable mental healt
New feature from Talkspace's AI Innovation Group, developed alongside therapists, helps providers efficiently prep for sessions and guide client care between sessionsDynamic insights save providers time and effort by consolidating important clinical informationTechnology is HIPAA-compliant, secure, private, and confidential NEW YORK, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Talkspace, (NASDAQ:TALK), the leading online therapy platform, today announced the launch of Insights, a new feature that enhances therapeutic care by helping Talkspace providers efficiently prepare for sessions and guide client care between sessions. The feature was developed and refined in partnership with Talkspace clinici
NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading online behavioral health company, is now available to approximately 9.5 million active duty and retired military personnel and their dependents as an in-network benefit through partnerships with TRICARE East and West region contractors. Eligible beneficiaries, including partners and teen dependents (13+), can now receive therapy from a licensed clinician or psychiatric services (for those 18+) from a Board-certified psychiatrist or psychiatric nurse practitioner–all virtually and privately. Depression affects 23% of active-duty service members, with rates of suicide increasing by more than 40% in recent yea
New collaboration aims to improve awareness of, and expand access to, online therapy and psychiatry services to the 150+ million people who have Talkspace as a covered benefit Talkspace (NASDAQ:TALK), a leading online behavioral health care company, today announced a partnership with Amazon Health Services to increase awareness and discoverability of its mental health care services on Amazon.com. Talkspace is the first virtual behavioral health provider to join Amazon Health Services' program to help individuals discover and enroll in their health insurance benefits at no extra cost or for a small copay. With more than 5,000 therapists and providers across 50 states, Talkspace improves acc
Today, Talkspace (NASDAQ:TALK), a leading online behavioral health care company, announced its partnership with the Professional Tennis Players Association (PTPA), global advocates for professional tennis players. Talkspace will serve as the PTPA's exclusive mental health technology partner, granting players, their families, and their support teams free, 24/7 access to Talkspace's self-guided therapy app, Talkspace Go, as well as discounted access to its virtual therapy offering. "Talkspace is honored to join forces with the PTPA as its exclusive mental health provider, dedicated to delivering high-quality, evidence-based support where and when players need it. This collaboration undersco
NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Today Talkspace (NASDAQ:TALK), a leading online behavioral health care company, announced the appointment of John Mooney as its new Chief Product Officer, to lead the company's growth initiatives, product strategy and design. Through his work for startup digital health, behavioral health, and diagnostics companies, Mr. Mooney has deep domain expertise in healthcare data, building out platform capabilities and optimizing workflows. "John has spent his career driving innovation for a range of high-growth, high-performing healthcare companies," said Dr. Jon Cohen, Chief Executive Officer, Talkspace. "We look forward to his expertise leveraging dat
Conceive, Evernow, FitOn, Nurx, Cove, and Nutrium Join as Founding Members to Support the Coalition's Focus on Expanding Access to Women-Centered Healthcare Resources in the Workplace Today, on the International Day of Action for Women's Health, Talkspace (NASDAQ:TALK), a leading online behavioral health care company, and Ovia Health by Labcorp, a digital health solution for women, families and family-building, announced the launch of the Women's Health Coalition for Digital Solutions. Co-led by Talkspace and Ovia Health, this coalition brings together a founding group of member companies, including Conceive, Evernow, FitOn, Nurx, Cove, and Nutrium, to leverage technology, innovation, and
NEW YORK, May 20, 2024 (GLOBE NEWSWIRE) -- Today Talkspace (NASDAQ:TALK), a leading online behavioral health care company, announced the appointment of Ian Harris, a seasoned investment leader who currently oversees investor strategy and relations at the Company, as Chief Financial Officer. The Company has also announced that Jennifer Fulk will step down from her position as Chief Financial Officer. Ms. Fulk will assist with the transition process while spending time with family. "On behalf of the Board of Directors and Talkspace, I want to thank Jennifer for her extraordinary leadership and diligence in successfully evolving the Company to its first ever quarter of profitability," said D
Today, Talkspace (NASDAQ:TALK), a leading online behavioral health care company, announced a new partnership with the American Federation of Teachers (AFT). The partnership will offer discounted access to high-quality therapy and evidenced-based mental health resources, including curated monthly content, to AFT's more than 1.7 million members, including educators, paraprofessionals, nurses, health professionals, and retirees. According to a recent survey conducted by the American Psychological Association, workplace stress has reached an alarming level, with 77% of workers having reported experiencing work-related stress in the past year. Educators in particular continue to grapple with e
NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Talkspace, Inc. (NASDAQ:TALK) today announced the appointment of Swati Abbott and Liat Ben-Zur to its board of directors as new, independent directors, effective December 1, 2023. With the appointments of Mses. Abbott and Ben-Zur, the board has expanded from seven to nine members, seven of whom are independent. "We are excited and honored to welcome Ms. Ben-Zur and Ms. Abbott, two accomplished and seasoned business leaders, to our distinguished board of directors," said Douglas Braunstein, chairman of the board. "They each bring unique experience and perspective that will complement the skills and experience of the current board. We believe
Talkspace (NASDAQ:TALK), a leading online behavioral health company, announced today the appointment of Nikole Benders-Hadi, MD, as Chief Medical Officer. In this role, Dr. Benders-Hadi will lead Talkspace's clinical practice, partnering with providers to deliver the highest quality digital mental health care as Talkspace continues to grow and scale. Dr. Benders-Hadi brings over a decade of invaluable patient care and provider experience to her new role and joins Talkspace during a period of expanded growth and innovation. She will be pivotal in elevating the company's clinical offering, including leveraging clinical data and technology to deliver better patient engagement and outcomes an
NEW YORK, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading online behavioral health care company, today announced that it has appointed Dr. Jon R. Cohen, a board director since September 2022, as its new Chief Executive Officer. A seasoned executive with extensive experience scaling technology-driven healthcare companies, Dr. Cohen will assume day-to-day leadership of the company from interim CEO Doug Braunstein, who will continue to serve as Chairman of the Board. Cohen brings more than 30 years of healthcare experience as a seasoned executive with a successful track record of driving strategic transformations and implementing operational discipline while developing a
NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Shareholders of Talkspace, Inc. (NASDAQ:TALK) today elected Jon Cohen, M.D., to the virtual behavioral healthcare company's board of directors and approved all other shareholder proposals during the company's first Annual Meeting of Stockholders. Dr. Cohen is prior Executive Chairman and Chief Executive Officer of BioReference Laboratories and Senior Vice President of OPKO Health (NASDAQ:OPK). Dr. Cohen brings 30 years of healthcare industry strategy and operating experience to Talkspace's board of directors. He succeeds Jeffrey Crowe as an independent Class I Director with a term expiring in 2025. Additionally, the Company's board appointed C
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KeyBanc Capital Markets initiated coverage of Talkspace with a rating of Overweight and set a new price target of $4.50
Mizuho initiated coverage of Talkspace with a rating of Outperform and set a new price target of $5.00
Northland Capital initiated coverage of Talkspace with a rating of Outperform and set a new price target of $5.00
Needham initiated coverage of Talkspace with a rating of Hold
Barclays initiated coverage of Talkspace with a rating of Equal Weight and set a new price target of $2.50
Jefferies initiated coverage of Talkspace with a rating of Hold and set a new price target of $2.00
Robert W. Baird downgraded Talkspace from Outperform to Neutral and set a new price target of $3.00 from $10.00 previously
SVB Leerink downgraded Talkspace from Outperform to Market Perform
Citigroup downgraded Talkspace from Buy to Neutral and set a new price target of $3.50 from $7.00 previously
Baird downgraded Talkspace from Outperform to Neutral and set a new price target of $3.00 from $10.00 previously
Full year 2024 total revenue grew 25% year-over-year to $187.6 millionFull year 2024 net income of $1.1 million and adjusted EBITDA1 of $7.0 million 4Q 2024 total revenue grew 15% year-over-year to $48.7 million4Q 2024 net income of $1.2 million and adjusted EBITDA1 of $2.7 million NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Talkspace, Inc. ("Talkspace" or the "Company") (NASDAQ:TALK), today reported fourth quarter and full year 2024 financial results. Three Months Ended December 31, 2024 Year Ended December 31, 2024 Unaudited Results % Variance from Prior Year Results % Variance from Prior Year(In thousands unless otherwise noted) Number of eligible lives at ye
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, today announced that it will release its fourth quarter and full year 2024 results on Thursday, February 20, 2025, before market open and host a conference call to review the results at 8:30am ET. Conference Call Details The conference call will be available via audio webcast at https://investors.talkspace.com/ and can also be accessed by dialing (888) 596-4144 for U.S. participants, or +1 (646) 968-2525 for international participants, and referencing participant code 1149251. A replay will be available shortly after the call's completion and remain available for approximately 90
3Q 2024 Total revenue grew 23% year-over-year, driven by 45% year-over-year growth in Payor revenue Increased 3Q 2024 GAAP Net income to $1.9 million from $4.4 million net loss year-over-year 3Q 2024 Adjusted EBITDA1 of $2.4 million NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Talkspace, Inc. ("Talkspace" or the "Company") (NASDAQ:TALK), today reported third quarter 2024 financial results. Three Months Nine Months September 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) 158.1 40% 158.1 40%Number of completed Payor sessions 316.4 38% 899.2 50
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, will release its third quarter 2024 results on Tuesday, October 29, 2024, before market open and host a conference call to review the results at 8:30am ET. Conference Call Details The conference call will be available via audio webcast at https://investors.talkspace.com/ and can also be accessed by dialing (888) 596-4144 for U.S. participants, or +1 (646) 968-2525 for international participants, and referencing participant code 2125813. A replay will be available shortly after the call's completion and remain available for approximately 90 days. About Talkspace
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 com
NEW YORK, July 15, 2024 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, will release its second quarter 2024 results on Tuesday, August 6, 2024, before market open and host a conference call to review the results at 8:30 a.m. ET. Conference Call Details The conference call will be available via audio webcast at https://investors.talkspace.com/ and can also be accessed by dialing (888) 330-2391 for U.S. participants, or +1 (240) 789-2702 for international participants, and referencing conference ID number 2348878. A replay will be available shortly after the call's completion and remain available for approximately 90 days. About Talkspace Talkspace
1Q 2024 Total revenue grew 36% year-over-year 1Q 2024 Payor revenue grew 92% year-over-year Reduced GAAP Net loss to $1.5 million from $8.8 million year-over-year Delivers first profitable quarter with Adjusted EBITDA1 of $0.8 million NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Talkspace, Inc. (NASDAQ:TALK), today reported first quarter 2024 financial results. Three Months Three Months Ended March 31, 2024 (Unaudited) Results % Variance from Prior Year(In thousands unless otherwise noted) Number of eligible lives at period end (in millions) 131.4 34%Number of completed Payor sessions 284.2 65%Number of Consumer active members at period end
NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, will release its first quarter 2024 results on Tuesday, May 7, 2024, before market open and host a conference call to review the results at 8:30 a.m. ET. Conference Call Details The conference call will be available via audio webcast at https://investors.talkspace.com/ and can also be accessed by dialing (888) 330-2391 for U.S. participants, or +1 (240) 789-2702 for international participants, and referencing participant code 2348878. A replay will be available shortly after the call's completion and remain available for approximately 90 days. About Talkspace Talkspace (NASDAQ
4Q 2023 Payor revenue grew 138% year-over-year 4Q 2023 Operating expenses of $23.6 million, down 37% year-over-year 4Q 2023 Net loss of $1.3 million; Adjusted EBITDA1 loss of $0.3 million, an improvement of 97% year-over-year Provides 2024 guidance with revenue $185-$195 million and adjusted EBITDA1 $4-$8 million Announces Initial Share Repurchase Program of $15M NEW YORK, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Talkspace, Inc. (NASDAQ:TALK), today reported fourth quarter and full year 2023 financial results. Three Months Full YearUnaudited Year Ended December 31, 2023 Results Variance from Prior Year % Results Variance from Prior Year %(In thousands unless otherwise noted) Numbe
NEW YORK, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Talkspace (NASDAQ:TALK), a leading behavioral healthcare company, will release its fourth quarter and full year 2023 results on Thursday, February 22, 2024, before market open and host a conference call to review the results at 8:30 a.m. ET. Conference Call Details The conference call will be available via audio webcast at https://investors.talkspace.com/ and can also be accessed by dialing (888) 330-2391 for U.S. participants, or +1 (240) 789-2702 for international participants, and referencing participant code 2348878. A replay will be available shortly after the call's completion and remain available for approximately 90 days. About Talkspa
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