Added to YB: 2024-10-02
Pitch date: 2024-10-02
TALK [bullish]
Talkspace, Inc.
+10.82%
current return
Author Info
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Company Info
Talkspace, Inc. operates as a virtual behavioral healthcare company in the United States. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans and employee assistance programs.
Market Cap
$430.6M
Pitch Price
$2.31
Price Target
4.22 (+65%)
Dividend
N/A
Sector
Health Care Providers and Services
Category
growth
Talkspace (TALK) Eyes 100% Upside Amid Strong Medicare Rollout and Projected 2025 Growth
TALK: Medicare rollout to boost insurance coverage to 200M. Q2 insurance rev +62%, employer +20%, DTC -28%. 2025 rev $273M (+40% vs 20% consensus), EBITDA $36M (2x consensus). 90% FCF conversion, $115M net cash. CFO buying, buyback upsized. EV/FCF 7.5x 2025, 5x 2026, 3x 2027. Asymmetric at $2.
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