Brokers Issue Forecasts for HealthStream, Inc.'s Q3 2024 Earnings (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM - Free Report) - Equities researchers at Barrington Research reduced their Q3 2024 EPS estimates for shares of HealthStream in a research report issued on Wednesday, April 24th. Barrington Research analyst V. Colicchio now anticipates that the technology company will earn $0.14 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for HealthStream's current full-year earnings is $0.52 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.

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

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

HealthStream Price Performance

Shares of HSTM stock remained flat at $25.92 on Thursday. The company had a trading volume of 123,019 shares, compared to its average volume of 105,685. The firm has a market cap of $787.97 million, a P/E ratio of 44.66, a P/E/G 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 50-day simple moving average of $26.13 and a 200 day simple moving average of $25.88.

Institutional Investors Weigh In On HealthStream

Hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC boosted its stake in HealthStream by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company's stock valued at $1,590,000 after purchasing an additional 463 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of HealthStream by 3.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 13,658 shares of the technology company's stock valued at $369,000 after purchasing an additional 493 shares during the period. Parallel Advisors LLC increased its holdings 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 buying an additional 501 shares during the last quarter. New York State Common Retirement Fund raised its position in HealthStream by 11.6% in the fourth quarter. New York State Common Retirement Fund now owns 9,214 shares of the technology company's stock worth $249,000 after acquiring an additional 955 shares during the period. Finally, Signaturefd LLC grew its position in shares of HealthStream by 568.2% during the 3rd quarter. Signaturefd LLC now owns 1,156 shares of the technology company's stock valued at $25,000 after acquiring an additional 983 shares during the period. Institutional investors own 69.58% of the company's stock.

Insider Buying and Selling

In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now owns 42,525 shares of the company's stock, valued at approximately $1,158,806.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the sale, the executive vice president now owns 42,525 shares of the company's stock, valued at approximately $1,158,806.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company's stock, valued at $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

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 issued a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, May 3rd. HealthStream's dividend payout ratio is presently 18.97%.

About HealthStream

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.