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Stock impact report

Why Talkspace Stock Soared 16% Today [Yahoo! Finance]

Talkspace, Inc. (TALK) 
Company Research Source: Yahoo! Finance
ET Tuesday, according to data provided by S&P Global Market Intelligence The company announced a partnership with Amazon 's health services unit, in a move it says aims to improve the discoverability of its services among the 145 million people who are covered by its benefits. Management believes partnering with the world's second-largest retailer will help "customers discover, determine their eligibility for, and enroll in their Talkspace mental health benefits if they choose to do so." Talkspace eyes further growth -- and profitability While this potentially massive partnership is intriguing enough on its own merit, Talkspace's strong revenue growth and improving profitability over the last year have the market taking a more optimistic stance on the company's share price. Growing payor and direct-to-enterprise revenue by 62% and 20%, respectively, the company extended its run of five consecutive quarters of double-digit or higher sales growth. Equally as important, though, Show less Read more
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