HealthStream (NASDAQ:HSTM) Issues Earnings Results, Beats Estimates By $0.07 EPS

HealthStream (NASDAQ:HSTM) posted its earnings results on Monday. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07, Briefing.com reports. The company had revenue of $72.80 million during the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Price Performance

NASDAQ:HSTM opened at $25.92 on Thursday. The stock has a market cap of $787.97 million, a P/E ratio of 44.69, a PEG ratio of 4.21 and a beta of 0.36. HealthStream has a one year low of $20.47 and a one year high of $29.12. The company has a fifty day moving average price of $26.16 and a 200 day moving average price of $25.88.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, May 3rd. HealthStream’s payout ratio is currently 18.97%.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. William Blair restated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. Finally, Barclays assumed coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity at HealthStream

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