TALK - Talkspace: This Dip Is Temporary Buy Back In
2024-06-13 11:12:06 ET
Summary
- Talkspace shares have dropped nearly 40% from YTD peaks despite strong growth and positive Q1 results, creating a good entry point for investors.
- The company is expanding its partnerships with mental health providers and adding new growth initiatives, including an expansion into Medicare coverage.
- Over the long haul, Talkspace is benefiting from the destigmatization of mental health, broader coverage of mental health services, and a focus on enterprise clients.
- The company's 36% y/y revenue growth in Q1 is a demonstration of how greenfield its market opportunity is.
- The stock trades at just 1.5x current-year revenue.
After sending shares of Talkspace ( TALK ) up nearly 2x this year in April, investors have seemingly gotten cold feet. Shares of the therapy app have sunk nearly 30% after peaking near $4, despite continued strength across all key metrics and tremendous growth....
Talkspace: This Dip Is Temporary, Buy Back In