FY2024 EPS Estimates for HealthStream Increased by Analyst

HealthStream, Inc. (NASDAQ:HSTM) – Equities researchers at Barrington Research boosted their FY2024 earnings per share estimates for HealthStream in a research report issued on Wednesday, October 23rd. Barrington Research analyst V. Colicchio now anticipates that the technology company will earn $0.62 per share for the year, up from their previous forecast of $0.58. The consensus estimate for HealthStream’s current full-year earnings is $0.56 per share. Barrington Research also issued estimates for HealthStream’s Q4 2024 earnings at $0.13 EPS and FY2025 earnings at $0.67 EPS.

HSTM has been the subject of several other reports. Canaccord Genuity Group raised their price target on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays raised their price target on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Stock Performance

Shares of HSTM stock opened at $28.11 on Friday. The company has a market capitalization of $854.49 million, a P/E ratio of 48.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36. HealthStream has a 52 week low of $23.92 and a 52 week high of $31.15. The company’s 50 day moving average price is $28.71 and its two-hundred day moving average price is $27.88.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.028 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.11 annualized dividend and a yield of 0.40%. HealthStream’s dividend payout ratio is currently 18.97%.

Insider Buying and Selling at HealthStream

In other news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the transaction, the director now owns 22,326 shares in the company, valued at $636,960.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin P. O’hara sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the sale, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Institutional investors and hedge funds have recently bought and sold shares of the company. Diversified Trust Co bought a new position in shares of HealthStream during the 1st quarter worth $213,000. Allspring Global Investments Holdings LLC increased its holdings in shares of HealthStream by 82.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock worth $910,000 after purchasing an additional 15,425 shares during the period. Wakefield Asset Management LLLP purchased a new position in HealthStream during the first quarter worth about $909,000. Sei Investments Co. raised its holdings in shares of HealthStream by 2.3% in the 1st quarter. Sei Investments Co. now owns 171,427 shares of the technology company’s stock valued at $4,570,000 after acquiring an additional 3,926 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of HealthStream by 16.7% during the 1st quarter. Inspire Investing LLC now owns 33,344 shares of the technology company’s stock valued at $889,000 after acquiring an additional 4,769 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

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.