Talkspace, Inc. operates as a virtual behavioral healthcare company that connects patients with licensed mental health providers in the United States. The company provides psychotherapy and psychiatry services to treat various mental health conditions, such as depression, anxiety, trauma, and other fields of human challenges by operating an online platform for one-on-one therapy delivered through messaging, audio, and video channels. It serves health insurance plans and employee assistance programs, direct-to-enterprise customers, and individual subscribers. Talkspace, Inc. was formerly known as Groop Internet Platform Inc. and changed its name to Talkspace, Inc. in June 2021. The company was founded in 2012 and is headquartered in New York, New York.
Teletherapy Transition | Talkspace pivots from consumer-focused cash pay to B2B model, emphasizing insurance and enterprise partnerships for sustainable growth |
Market Expansion | Company targets Medicare coverage in all 50 states by 2024, with services already live in 30 states and approval in 40, signaling ambitious growth |
Financial Trajectory | Analysts project 20-25% top-line growth, with EPS estimates of $0.01 for upcoming fiscal year, rising to $0.07-$0.08 the following yea |
Strategic Leadership | New CFO Ian Harris brings investor-facing experience, potentially enhancing market communication and sentiment towards Talkspace's evolving strategy |
Metrics to compare | TALK | Sector Sector - Average of metrics from a broad group of related Healthcare sector companies | Relationship RelationshipTALKPeersSector | |
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P/E Ratio | 131.8x | −1.2x | −0.5x | |
PEG Ratio | 1.10 | −0.14 | 0.00 | |
Price/Book | 3.4x | 1.0x | 2.6x | |
Price / LTM Sales | 2.0x | 1.1x | 3.3x | |
Upside (Analyst Target) | 111.9% | 49.9% | 43.5% | |
Fair Value Upside | Unlock | 17.3% | 6.3% | Unlock |