HealthStream, Inc. to Post FY2024 Earnings of $0.53 Per Share, William Blair Forecasts (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Research analysts at William Blair increased their FY2024 earnings estimates for shares of HealthStream in a note issued to investors on Monday, April 22nd. William Blair analyst R. Daniels now expects that the technology company will earn $0.53 per share for the year, up from their prior estimate of $0.49. William Blair has a “Outperform” rating on the stock. The consensus estimate for HealthStream’s current full-year earnings is $0.51 per share. William Blair also issued estimates for HealthStream’s FY2025 earnings at $0.57 EPS.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. HealthStream had a return on equity of 5.22% and a net margin of 6.30%. HealthStream’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share.

A number of other research analysts have also recently weighed in on the stock. Barclays initiated coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 target price on the stock. StockNews.com upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, HealthStream has an average rating of “Buy” and a consensus target price of $32.00.

HealthStream Stock Performance

Shares of NASDAQ:HSTM opened at $26.41 on Wednesday. The company has a market capitalization of $802.86 million, a P/E ratio of 45.54, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36. The company’s 50-day moving average is $26.17 and its 200 day moving average is $25.85. HealthStream has a fifty-two week low of $20.47 and a fifty-two week high of $29.12.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its stake in HealthStream by 568.2% in the 3rd quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock worth $25,000 after acquiring an additional 983 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of HealthStream in the third quarter worth approximately $30,000. Parallel Advisors LLC lifted its position in HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after purchasing an additional 501 shares during the last quarter. Quantbot Technologies LP purchased a new position in HealthStream in the 3rd quarter worth approximately $34,000. Finally, Diversified Trust Co purchased a new position in HealthStream in the 1st quarter worth approximately $213,000. Institutional investors own 69.58% of the company’s stock.

Insider Buying and Selling at HealthStream

In other news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were 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 in the company, valued at $1,158,806.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following the sale, the senior vice president now directly owns 14,693 shares in the company, valued at approximately $387,013.62. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.42%. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, March 8th. HealthStream’s payout ratio is currently 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.