Latest news for Talkspace (NASDAQ:TALKW) Stock

Talkspace Inc is a behavioral healthcare company offering access to licensed therapists, psychologists, and psychiatrists through its technology platform. It serves clients including health plans, enterprises, and individual subscribers. Therapists address various mental health conditions, while psychiatrists cater to a higher acuity demographic. Revenue primarily stems from payor and direct-to-enterprise clients, with contracts lasting one to three years. The majority of the Company's operations and revenues are based in the United States.

Talkspace Inc

Trading Ideas

Psyence Biomedical Shares Resume

Oppenheimer analyst Timothy Horan maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Outperform and raises the price target from $21 to $23.

News

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on AT&T, Raises Price Target to $23

JP Morgan analyst Samik Chatterjee maintains Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) with a Overweight and raises the price target from $40 to $42.

FLEX

JP Morgan Maintains Overweight on Flex, Raises Price Target to $42

Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares are trading slightly higher on Thursday.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, LCID stock has lost over 52% in the past year. Investors can gain exposure to the stock via&nbsp;IShares Self-Driving EV And Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>) and&nbsp;IShares Self-Driving EV And Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNEW#NASDAQ">RNEW</a>).
Related: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39918390/tesla-q2-earnings-highlights-revenue-beat-eps-miss-robotaxi-update-2024-growth-rate-to-be-notably-l" rel="noreferrer noopener">Tesla Q2 Earnings Highlights: Revenue Beat, EPS Miss, Robotaxi Update, 2024 Growth Rate To Be &#8216;Notably Lower&#8217; Than 2023</a>
Today, Graphite One Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GPHOF#OTC">GPHOF</a>) inked a non-binding supply agreement with Lucid Group planning a complete domestic U.S. supply chain for advanced graphite materials.
Read Also:<a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/07/39957034/us-economy-expands-2-8-in-q2-tops-estimates-weekly-jobless-claim-fall" rel="noreferrer noopener"> US Economy Expands 2.8% In Q2, Tops Estimates; Weekly Jobless Claim Fall</a>
&#8220;Through work with partners like Graphite One, we will have access to American-sourced critical raw materials, helping power our award-winning vehicles made with pride in&nbsp;Arizona,&#8221; said&nbsp;Peter Rawlinson, CEO and CTO at Lucid.
The Supply Agreement is non-binding providing for 5,000 tpa once Graphite One commences production of synthetic graphite.&nbsp;The initial term is for 5 years, subject to earlier termination.
&#8220;This is a historic moment for Graphite One, Lucid and&nbsp;North America: the first synthetic graphite Supply Agreement between a U.S. graphite developer and U.S. EV company,&#8221; said&nbsp;Anthony Huston, President and CEO of Graphite One.
&#8220;G1 is excited to continue pushing forward developing our 100% U.S. domestic supply chain,&#8221; Huston added.&nbsp;
Conditional on securing project financing for the anode active materials, or AAM&nbsp;facility, the Supply Agreement with Lucid positions G1 to generate revenue starting in 2027.
California-based Lucid&#8217;s flagship vehicle, Lucid Air, delivers best-in-class performance and efficiency. It starts at&nbsp;$69,900&nbsp;and has been recognized with several awards.
Lucid said it is preparing its state-of-the-art, vertically integrated factory in&nbsp;Arizona&nbsp;to begin production of the Lucid Gravity SUV.
Price Action: LCID shares are trading higher by 0.76% to $3.305 at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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Equities

Contracts

Markets

Movers

General

GPHOF

IDRV

LCID

RNEW

TSLA

What's Going On With Lucid Group Stock Today?

Wedbush analyst Jay McCanless maintains Taylor Morrison Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMHC#NYSE">TMHC</a>) with a Neutral and raises the price target from $61 to $65.

TMHC

Wedbush Maintains Neutral on Taylor Morrison Home, Raises Price Target to $65

JP Morgan analyst Tien-Tsin Huang maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Overweight and raises the price target from $169 to $176.

JP Morgan Maintains Overweight on Fiserv, Raises Price Target to $176

Biotech

ABBV

AbbVie Exec Announces Discontinuation Of Further Development Of Experimental Alzheimer's Drug ABBV-916 As Standalone Antibody

Wedbush analyst Jay McCanless reiterates Tri Pointe Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPH#NYSE">TPH</a>) with a Neutral and maintains $42 price target.

Reiteration

Wedbush Reiterates Neutral on Tri Pointe Homes, Maintains $42 Price Target

Bill Gates, the Microsoft co-founder known for his tech innovations and philanthropic efforts, has become an important player in a surprisingly traditional sector: Fast food.
 According to an investigative report issued by NBC News, among the nearly 300,000 acres of farmland owned by the billionaire is a 14,500-acre plot in Washington state that is so vast it can be seen from space. This plot is dedicated to growing potatoes, some used to make McDonald's French fries.
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Acquired beginning in 2012 through at least 22 limited liability shell companies linked to his investment group, Cascade Investments, Gates has <a href="https://finance.yahoo.com/news/bill-gates-asked-why-hes-164253445.html">been buying farmland in 18 states</a>. So much farmland that, if grouped together, it would cover about 25% of Rhode Island. "My investment group chose to do this," Gates said in response to a Reddit user who asked him why he was buying so much U.S. farmland during an ‘Ask Me Anything' session in 2021. "The agriculture sector is important." The connection between Gates and the fast-food giant doesn&#8217;t end there. <a href="https://finance.yahoo.com/news/billionaire-bill-gates-mcdonalds-gold-140011115.html#:~:text=While%20some%20are%20limited%20to,localized%20nature%20of%20his%20card.">Benzinga reported</a> that Gates is also one of the few individuals worldwide to possess a McDonald&#8217;s &#8220;Gold Card,&#8221; which grants him free meals at any of the chain&#8217;s locations globally.&nbsp;
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 However, Gates' farmland is much more than just a supplier for the largest restaurant chain in the world. According to the report, it is used to grow soybeans, corn, cotton, carrots, rice, and onions – the same onions used in American kitchens. More pointedly, Gates, through Cascade Investments, owns farms across various states:
<ul>
<li>North Louisiana: 70,000 acres where farmers grow soybeans, rice, corn, and cotton.</li>
<li>Nebraska: 20,000 acres primarily dedicated to soybean cultivation. Washington: Over 14,000 acres, including the massive potato fields used by McDonald's.</li>
<li>Florida: Farms where carrots are grown on Gates&#8217; property. Georgia: Initially over 6,000 acres, where farms specialized in Vidalia onions and carrots. </li>
</ul>
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His farmland empire also includes land previously owned by other billionaires, including former WorldCom CEO Bernard Ebbers in Louisiana. Despite the scale of Gates&#8217; farmland, farmer advocates are concerned about the impact of such large-scale acquisitions on smaller, independent farmers. With nearly 40% of U.S. farmland owned by individuals aged 65 or older, NBC News noted that deep-pocketed investors like Gates could outbid the next generation of farmers when more land becomes available.
 &#8220;There&#8217;s significant competition from non-farmers, and that really affects young farmers because it means that the price they&#8217;re trying to compete with on the marketplace is driven and determined by people who are not dependent on a farming income,&#8221; said Holly Rippon-Butler, former land campaigns director at the National Young Farmers Coalition.
 Johnathan Hladik, former policy director at the Center for Rural Affairs, noted, "Farmers just aren&#8217;t owning the assets anymore. Someone else is building that equity on their back."
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Real Estate

Yes, It's True – Bill Gates' 275,000 Acres Of Farmland Grows The Potatoes For McDonald's French Fries

TOPS

TOP Ships Announces 7-Year Charter Extensions For M/T Eco Yosemite Park And M/T Eco Joshua Park At Higher Rates; New Daily Hire Rate Of $19,500 Effective August 1, 2024; Expected Revenue Of $100M For Firm Period

TWOU

2U Shares Halted; Stock Currently Down -69.42%

Psyence Biomedical Shares Halted To The Downside; Stock Currently Up 135.05%

Keefe, Bruyette &amp; Woods analyst Catherine Mealor maintains United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) with a Market Perform and raises the price target from $28 to $32.

UCBI

Keefe, Bruyette & Woods Maintains Market Perform on United Community Banks, Raises Price Target to $32

Xerox Holdings Corp&nbsp;(NASDAQ:&nbsp;XRX) reported a fiscal second-quarter 2024 sales decline of 10.0% year-on-year to $1.58 billion, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39952774/xerox-releases-second-quarter-results" rel="noreferrer noopener">analyst consensus estimate of $1.60 billion</a>.&nbsp;The stock dropped after the print on Thursday.
Revenues declined 9.6% at constant currency. Adjusted EPS of $0.29 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $0.43</a>.&nbsp;
Equipment sales decreased by 15.2%, while post-sale revenue declined by 8.4%.&nbsp;
Gross margin declined 100 basis points Y/Y to 33.0%. The equipment margin&nbsp;fell by 70 bps to 34.5%.&nbsp;The post-sale&nbsp;margin decreased by 110 bps to 32.5%.
The company reported an adjusted operating income of $85 million, compared to $107 million last year, and the margin declined 70 basis points to 5.4%.
Xerox held $485 million in cash and equivalents as of June 30, 2024. Operating cash flow for the quarter totaled $123 million, with a free cash flow of $115 million.
&#8220;The comprehensive and strategic operating model changes implemented in Q1 caused a short period of disruption but are delivering the intended improvements in financial results. Adjusted operating income margin, free cash flow and revenue trajectory improved sequentially in Q2. Momentum in orders, enhanced sales operations and new product initiatives are expected to drive a return to revenue growth in the second half of the year,&#8221; CEO Steve Bandrowczak said.
FY24 Outlook: The company&nbsp;expects revenue of $6.47 billion &#8211; $6.54 billion (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38383310/xerox-loses-steam-in-q1-stock-dips" rel="noreferrer noopener">prior $6.54 billion&nbsp;– $6.68 billion</a>) vs.&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $6.45 billion</a>.&nbsp;The company projected a&nbsp;free cash flow guidance of $550 million &#8211; $600 million (versus prior $600 million).
Xerox maintained an adjusted operating margin outlook of $6.5% &#8211; 7.5% (versus prior 7.5%).
In June, Citi initiated coverage on Xerox Holdings with <a target="_blank" href="https://www.benzinga.com/quote/XRX/analyst-ratings" rel="noreferrer noopener">a Sell rating</a> and a price target of $11. The stock has lost 28% in the last 12 months.
Price Action: XRX shares traded lower by 8.15% at $10.82 at last check on Thursday.
Photo via Wikimedia Commons

Earnings

Guidance

Tech

Xerox Q2 Revenue Declines 10%, Cuts Annual Outlook, But CEO Anticipates Turnaround

Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) stock <a href="https://www.benzinga.com/topic/mobility">plunged after the automaker</a> reported dismal financial results for the first half of 2024 on Thursday.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25085055/newplot-63.png" alt="" class="wp-image-456741" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25085055/newplot-63.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25085055/newplot-63-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
<ul>
<li>Net revenue was 85 billion euros ($91.53 billion), down 14% year over year, primarily due to the decline in volume <a href="https://www.stellantis.com/en/investors/events-and-presentations" target="_blank" rel="noreferrer noopener">and mix</a>.</li>
<li>First half net profit came in at 5.6 billion euros ($6.07 billion). That&#8217;s down 48% compared to the first half of 2023.</li>
<li>Adjusted EPS declined by 35% Y/Y to 2.36 euros.</li>
<li>Combined shipments declined by 12% year over year to 2.93 million units.</li>
<li>Consolidated shipment decreased by 10% year over year to 2.87 million units.</li>
<li>Adjusted operating income (AOI) declined by 40% year over year to 8.5 billion euros, primarily due to decreases in North America. The margin declined by 440 bps to 10%.</li>
<li>Total inventory was reduced by 3% to 1,408 thousand units.</li>
<li>The company used 392 million euros in Industrial free cash flows.</li>
</ul>
Stellantis CEO Carlos Tavares noted that the first half of 2024 &#8220;fell short of our expectations.&#8221;
The Auburn Hills, Michigan-based company plans to launch &#8220;no fewer than 20 new vehicles&#8221; this year, he added.
What&#8217;s Next: Stellantis aims to address weak margins and is prepared to eliminate underperforming brands. 
&#8220;If they don&#8217;t make money, we&#8217;ll shut them down,&#8221; Tavares <a href="https://www.aol.com/verizon-shares-fall-despite-climb-113000091.html">told</a> reporters. Following a new cooperation agreement, Stellantis now also counts China&#8217;s Leapmotor as its 15th brand.
Outlook: Stellantis <a href="https://www.benzinga.com/news/24/06/39333073/whats-happening-with-chrysler-parent-stellantis-stock-on-friday" target="_blank" rel="noreferrer noopener">reiterated financial guidance</a> of double-digit AOI margin in 2024 and positive Industrial free cash flow.
Price Action: STLA shares traded lower by 8.37% at $17.96 premarket at last check Thursday.

Media

STLA

Stellantis CEO: Earnings 'Fell Short Of Expectations,' Expect 20 New Vehicles This Year

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains First Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THFF#NASDAQ">THFF</a>) with a Market Perform and raises the price target from $43 to $45.

THFF

Keefe, Bruyette & Woods Maintains Market Perform on First Financial, Raises Price Target to $45

JP Morgan analyst Kenneth Worthington maintains CME Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) with a Underweight and raises the price target from $187 to $191.

JP Morgan Maintains Underweight on CME Gr, Raises Price Target to $191

Keefe, Bruyette &amp; Woods analyst Kelly Motta reiterates Stock Yards Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYBT#NASDAQ">SYBT</a>) with a Market Perform and raises the price target from $54 to $64.

SYBT

Keefe, Bruyette & Woods Reiterates Market Perform on Stock Yards Bancorp, Raises Price Target to $64

WIIM

Royal Caribbean shares are trading lower following Q2 financial results.

Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Outperform and raises the price target from $25 to $27.

Keefe, Bruyette & Woods Maintains Outperform on SLM, Raises Price Target to $27

Talkspace, Inc. 2023 Q2 - Results - Earnings Call Presentation

Talkspace, Inc. (TALK) Q2 2023 Earnings Call Transcript

Talkspace Stock: Online Mental Health Provider With Several Tailwinds Into 2024

Talkspace, Inc. (TALK) Q3 2023 Earnings Call Transcript

Talkspace, Inc. (TALK) Q4 2023 Earnings Call Transcript

Talkspace, Inc. 2023 Q4 - Results - Earnings Call Presentation

Talkspace, Inc. (TALK) Q1 2024 Earnings Call Transcript

DOCS

TALK

TALKW

TDOC

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Quest Diagnostics

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Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share)

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