HealthStream (NASDAQ:HSTM) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

HealthStream (NASDAQ:HSTM - Get Free Report) announced its quarterly earnings data on Monday. The technology company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06, Briefing.com reports. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The business's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Stock Performance

HSTM traded up $1.60 during midday trading on Tuesday, reaching $30.05. 34,695 shares of the company were exchanged, compared to its average volume of 111,616. The stock has a market capitalization of $913.46 million, a P/E ratio of 51.81, a PEG ratio of 4.25 and a beta of 0.36. The stock's 50-day simple moving average is $28.63 and its 200 day simple moving average is $27.84. HealthStream has a one year low of $21.92 and a one year high of $31.15.

Analyst Ratings Changes

Several research firms recently issued reports on HSTM. Canaccord Genuity Group raised their price target on HealthStream from $27.00 to $28.00 and gave the company a "hold" rating in a report on Wednesday, July 24th. Craig Hallum raised shares of HealthStream to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded shares of HealthStream from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Insider Activity at HealthStream

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

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.