HealthStream (NASDAQ:HSTM) Announces Earnings Results

HealthStream (NASDAQ:HSTM - Get Free Report) posted its quarterly earnings data on Monday. The technology company reported $0.17 earnings per share 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 analyst estimates of $71.88 million. HealthStream had a net margin of 5.45% and a return on equity of 4.71%. The company's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Trading Up 9.5 %

Shares of HSTM traded up $2.30 during mid-day trading on Tuesday, hitting $26.41. 322,806 shares of the company traded hands, compared to its average volume of 104,156. HealthStream has a one year low of $20.47 and a one year high of $29.12. The business has a 50-day moving average of $26.17 and a 200 day moving average of $25.85. The stock has a market capitalization of $802.81 million, a price-to-earnings ratio of 52.82, a PEG ratio of 4.06 and a beta of 0.36.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.028 per share. This is a boost from HealthStream's previous quarterly dividend of $0.03. This represents a $0.11 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, March 8th. HealthStream's dividend payout ratio is 22.00%.

Wall Street Analyst Weigh In

HSTM has been the subject of several recent analyst reports. StockNews.com raised shares of HealthStream from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 11th. Barclays initiated coverage on shares of HealthStream in a report on Wednesday, January 3rd. They set an "overweight" rating and a $32.00 price objective for the company. Finally, William Blair reaffirmed an "outperform" rating on shares of HealthStream in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $32.00.

Insider Activity

In other news, SVP Trisha L. Coady sold 7,000 shares of the stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 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 $1,158,806.25. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

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.