FY2024 EPS Estimates for HealthStream Increased by Analyst

HealthStream, Inc. (NASDAQ:HSTM) – William Blair upped their FY2024 earnings per share estimates for shares of HealthStream in a report issued on Monday, October 21st. William Blair analyst R. Daniels now anticipates that the technology company will earn $0.63 per share for the year, up from their prior forecast of $0.55. The consensus estimate for HealthStream’s current full-year earnings is $0.56 per share.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. 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 company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 EPS.

Other equities analysts have also recently issued reports about the company. Barclays boosted their target price on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday. Canaccord Genuity Group boosted their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, StockNews.com cut 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, HealthStream presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Stock Performance

Shares of HSTM stock opened at $28.11 on Thursday. The company has a market capitalization of $854.49 million, a P/E ratio of 48.47, a PEG ratio of 4.25 and a beta of 0.36. The stock has a 50 day moving average price of $28.71 and a two-hundred day moving average price of $27.88. HealthStream has a fifty-two week low of $23.92 and a fifty-two week high of $31.15.

HealthStream Announces Dividend

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

Insider Activity

In other news, SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the sale, the senior vice president now directly owns 9,527 shares in the company, valued at approximately $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 can be accessed through this link. In other news, SVP Kevin P. O’hara sold 3,000 shares of the business’s 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 approximately $267,041.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the sale, the director now owns 22,326 shares of the company’s stock, valued at $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. Insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On HealthStream

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after purchasing an additional 31,943 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HealthStream by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock worth $43,824,000 after acquiring an additional 15,379 shares during the last quarter. First Eagle Investment Management LLC raised its stake in HealthStream by 7.1% during the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock worth $14,792,000 after purchasing an additional 35,350 shares during the period. Assenagon Asset Management S.A. raised its position in shares of HealthStream by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after buying an additional 54,775 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of HealthStream by 8.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 188,881 shares of the technology company’s stock valued at $5,036,000 after purchasing an additional 15,150 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.