Talkspace gains after announcing new CEO

Talkspace,.

08/11/2022 16:20

** Shares of Talkspace Inc  TALK.O  rise 11% to 78 cents in
morning trade
    ** TALK appoints Jon Cohen as its new CEO, replacing interim
chief Doug Braunstein, who will continue to serve as chairman
    ** Cohen has previously held management positions at firms
like Quest Diagnostics  DGX.N  and privately owned BioReference
Laboratories
    ** Brokerage William Blair says CEO announcement is a
positive catalyst, could serve as "incremental boon" to stock in
the near term
    ** Cohen's appointment comes within a year of TALK's
co-founders stepping down which brokerage believes strengthens
confidence in management
    ** Separately, TALK also posts Q3 revenues of $29.3 mln vs.
analysts' expectations of $29.7 million 
    ** Co posts quarterly loss of $17.9 million, or 11 cents per
share vs. year-ago profit of $1.5 million, or 1 cent per share 
    ** Including session moves, stock down ~61% YTD
 (Reporting by Aditya Samal)
 ((Aditya.Samal@thomsonreuters.com;))