HealthStream, Inc. (NASDAQ:HSTM) to Post Q3 2024 Earnings of $0.14 Per Share, Barrington Research Forecasts

HealthStream, Inc. (NASDAQ:HSTM) – Barrington Research dropped their Q3 2024 earnings per share (EPS) estimates for shares of HealthStream in a research report issued to clients and investors on Wednesday, April 24th. Barrington Research analyst V. Colicchio now anticipates that the technology company will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.15. The consensus estimate for HealthStream’s current full-year earnings is $0.54 per share. Barrington Research also issued estimates for HealthStream’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.57 EPS and FY2025 earnings at $0.64 EPS.

Several other brokerages have also recently weighed in on HSTM. Barclays initiated coverage on HealthStream in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 target price for the company. William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. Finally, StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, HealthStream currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $25.61 on Thursday. HealthStream has a 1-year low of $20.47 and a 1-year high of $29.12. The firm has a market capitalization of $778.54 million, a PE ratio of 44.69, a P/E/G ratio of 4.00 and a beta of 0.36. The business’s fifty day moving average price is $26.09 and its two-hundred day moving average price is $25.88.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 EPS.

Hedge Funds Weigh In On HealthStream

Several institutional investors and hedge funds have recently made changes to their positions in the company. Heartland Advisors Inc. grew its position in HealthStream by 0.9% during the fourth quarter. Heartland Advisors Inc. now owns 640,725 shares of the technology company’s stock worth $18,459,000 after buying an additional 5,593 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of HealthStream by 14.8% in the 4th quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock valued at $11,013,000 after acquiring an additional 52,652 shares during the last quarter. Invesco Ltd. lifted its stake in shares of HealthStream by 3.4% in the 3rd quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock valued at $6,685,000 after acquiring an additional 10,265 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in HealthStream by 9.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock worth $8,280,000 after purchasing an additional 27,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in HealthStream by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company’s stock worth $5,400,000 after purchasing an additional 5,367 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling at HealthStream

In related news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the transaction, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company’s stock.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a $0.028 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 annualized dividend and a yield of 0.44%. HealthStream’s payout ratio is 18.97%.

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.