FY2024 EPS Estimates for HealthStream Raised by Analyst

HealthStream, Inc. (NASDAQ:HSTM) – Equities research analysts at Barrington Research lifted their FY2024 earnings estimates for HealthStream in a research note issued on Wednesday, October 23rd. Barrington Research analyst V. Colicchio now expects that the technology company will earn $0.62 per share for the year, up from their previous estimate of $0.58. The consensus estimate for HealthStream’s current full-year earnings is $0.56 per share. Barrington Research also issued estimates for HealthStream’s Q4 2024 earnings at $0.13 EPS and FY2025 earnings at $0.67 EPS.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share.

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

HealthStream Stock Performance

Shares of HSTM opened at $28.31 on Friday. The company has a market capitalization of $860.57 million, a price-to-earnings ratio of 48.81, a PEG ratio of 4.25 and a beta of 0.36. The company’s 50 day simple moving average is $28.72 and its 200 day simple moving average is $27.91. HealthStream has a 1 year low of $23.92 and a 1 year high of $31.15.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Monday, November 4th. HealthStream’s payout ratio is currently 18.97%.

Insider Transactions at HealthStream

In other news, SVP Kevin P. O’hara sold 3,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $267,041.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Kevin P. O’hara sold 3,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $267,041.81. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the sale, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On HealthStream

A number of large investors have recently added to or reduced their stakes in HSTM. Assenagon Asset Management S.A. grew its holdings in HealthStream by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock worth $5,814,000 after acquiring an additional 54,775 shares in the last quarter. Copeland Capital Management LLC acquired a new position in HealthStream during the 3rd quarter worth $63,000. Allspring Global Investments Holdings LLC grew its holdings in HealthStream by 6.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,884 shares of the technology company’s stock worth $2,073,000 after acquiring an additional 4,588 shares in the last quarter. Ellsworth Advisors LLC grew its holdings in HealthStream by 5.1% during the 3rd quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company’s stock worth $578,000 after acquiring an additional 972 shares in the last quarter. Finally, Creative Planning grew its holdings in HealthStream by 51.2% during the 3rd quarter. Creative Planning now owns 15,844 shares of the technology company’s stock worth $457,000 after acquiring an additional 5,368 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.