New insider activity at Talkspace ( (TALK) ) has taken place on March 6, 2025.
Director Ian Jiro Harris has made a significant investment in Talkspace by purchasing 30,844 shares of the company’s stock, amounting to a total value of $86,037.
Recent Updates on TALK stock
In the last 24 hours, Talkspace has reported its financial results for the fourth quarter and full year 2024, showcasing a significant year-over-year revenue increase of 25% to $187.6 million and a net income of $1.1 million, marking a notable recovery from previous losses. This growth is primarily driven by a 54% rise in payor revenue, as the company strategically shifts focus towards the payor market to expand its reach and improve service delivery. Despite a decline in consumer revenue, the company’s efforts to broaden access to behavioral health services have been successful, leading to a 15% revenue growth in the fourth quarter. Talkspace’s projections for 2025 indicate continued optimism with expected revenues between $220 million and $235 million and adjusted EBITDA ranging from $14 million to $20 million. These developments underscore Talkspace’s strategic market expansion and its competitive advantage in providing accessible, high-quality behavioral health services.
More about Talkspace
YTD Price Performance: -8.31%
Average Trading Volume: 1,900,307
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $484.8M