HealthStream (HSTM) Scheduled to Post Quarterly Earnings on Monday

HealthStream (NASDAQ:HSTM) will be posting its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect HealthStream to post earnings of $0.12 per share for the quarter. HealthStream has set its FY 2024 guidance at EPS.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $71.56 million for the quarter, compared to analysts’ expectations of $72.85 million. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. On average, analysts expect HealthStream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

HealthStream Price Performance

Shares of HealthStream stock traded up $0.14 during trading on Wednesday, hitting $29.05. The stock had a trading volume of 3,069 shares, compared to its average volume of 111,719. HealthStream has a 12 month low of $21.92 and a 12 month high of $31.15. The firm’s fifty day simple moving average is $28.54 and its 200-day simple moving average is $27.74. The stock has a market cap of $883.06 million, a PE ratio of 50.09, a PEG ratio of 4.25 and a beta of 0.36.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Monday, August 5th. HealthStream’s dividend payout ratio (DPR) is currently 18.97%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HSTM shares. Canaccord Genuity Group upped their target price on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, HealthStream currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insiders Place Their Bets

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

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.