Analysts Offer Predictions for HealthStream FY2024 Earnings

HealthStream, Inc. (NASDAQ:HSTM - Free Report) - Equities researchers at William Blair lifted their FY2024 earnings estimates for HealthStream in a research report issued to clients and investors on Monday, October 21st. William Blair analyst R. Daniels now forecasts that the technology company will earn $0.63 per share for the year, up from their previous forecast of $0.55. The consensus estimate for HealthStream's current full-year earnings is $0.56 per share.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The firm had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The business's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS.

HSTM has been the topic of a number of other reports. Canaccord Genuity Group increased their price target on HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Wednesday. Barclays raised their price target on shares of HealthStream from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday. Craig Hallum upgraded shares of HealthStream to a "strong-buy" rating in a report on Thursday, October 17th. Finally, StockNews.com downgraded HealthStream from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.50.

HealthStream Trading Down 1.8 %

NASDAQ HSTM traded down $0.52 during trading hours on Thursday, hitting $28.11. 365,067 shares of the company's stock were exchanged, compared to its average volume of 113,815. The firm has a market cap of $854.49 million, a price-to-earnings ratio of 49.36, a PEG ratio of 4.25 and a beta of 0.36. The stock has a 50-day simple moving average of $28.70 and a 200 day simple moving average of $27.88. HealthStream has a 1-year low of $23.92 and a 1-year high of $31.15.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be issued a $0.028 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.40%. HealthStream's dividend payout ratio is presently 18.97%.

Insider Activity at HealthStream

In other news, SVP Kevin P. O'hara sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the transaction, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Kevin P. O'hara sold 3,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now owns 22,326 shares in the company, valued at approximately $636,960.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.60% of the stock is owned by insiders.

Institutional Trading of HealthStream

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in HealthStream in the 4th quarter valued at $311,000. Diversified Trust Co purchased a new stake in HealthStream during the first quarter worth about $213,000. Allspring Global Investments Holdings LLC raised its position in HealthStream by 82.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company's stock worth $910,000 after acquiring an additional 15,425 shares during the period. Wakefield Asset Management LLLP bought a new stake in HealthStream in the first quarter worth about $909,000. Finally, Sei Investments Co. boosted its stake in HealthStream by 2.3% in the first quarter. Sei Investments Co. now owns 171,427 shares of the technology company's stock valued at $4,570,000 after acquiring an additional 3,926 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.