BofA warns Fed risks policy mistake with early rate cuts
Talkspace, Inc. (NASDAQ:TALK), a telehealth company with a market capitalization of $467 million and strong financial health according to InvestingPro analysis, recently saw a series of stock purchases by its Chief Financial Officer, Harris Ian Jiro. The company has demonstrated robust growth with revenue increasing 25% in the last twelve months. Over the course of three days, from March 3 to March 5, 2025, Harris acquired a total of 30,844 shares of common stock. The transactions, which collectively amounted to $86,037, were executed at prices ranging from $2.72 to $2.87 per share.
The first purchase occurred on March 3, involving 11,113 shares at a weighted average price of $2.87. The following day, March 4, saw an acquisition of 13,797 shares at an average price of $2.72. The final transaction on March 5 included 5,934 shares at $2.80 per share. Post these acquisitions, Harris holds a total of 615,015 shares directly.
In other recent news, Talkspace reported its fourth-quarter and full-year 2024 financial results, showing a 25% increase in annual revenue to $187.6 million. The company also achieved a turnaround in adjusted EBITDA, improving from a $13.5 million loss in 2023 to a $7 million gain in 2024. Despite these positive results, the company’s revenue guidance for fiscal year 2025 fell short of analysts’ expectations, with projections ranging between $220 million and $235 million compared to the market consensus of $232.8 million. Additionally, Talkspace’s gross margins decreased to 44.2% in the fourth quarter, down from 49.4% the previous year, raising concerns among investors.
Operating expenses decreased by 11% year-over-year, contributing to a net income of $1.2 million for the fourth quarter, compared to a net loss in the same period the previous year. Analyst Ryan MacDonald from Needham maintained a Hold rating on Talkspace, highlighting a mixed finish to the fiscal year with fourth-quarter revenue and adjusted EBITDA falling below expectations. The company continues to focus on expanding its therapist network, which grew by 10% in 2024, and enhancing its strategic shift towards the payor market. Talkspace also projects adjusted EBITDA to rise to between $14 million and $20 million in 2025, representing a significant increase at the midpoint.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.