Wall Street analysts predict that HealthStream, Inc. (NASDAQ:HSTM) will report sales of $58.89 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for HealthStream’s earnings, with the highest sales estimate coming in at $59.10 million and the lowest estimate coming in at $58.67 million. HealthStream reported sales of $63.55 million in the same quarter last year, which indicates a negative year-over-year growth rate of 7.3%. The business is scheduled to announce its next quarterly earnings results on Monday, October 22nd.
According to Zacks, analysts expect that HealthStream will report full year sales of $229.53 million for the current year, with estimates ranging from $229.20 million to $229.86 million. For the next fiscal year, analysts expect that the firm will post sales of $247.11 million, with estimates ranging from $244.32 million to $249.90 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for HealthStream.
HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, July 23rd. The technology company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $57.00 million for the quarter, compared to analysts’ expectations of $56.68 million. HealthStream had a net margin of 13.79% and a return on equity of 3.75%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share.
A number of analysts have weighed in on HSTM shares. Cantor Fitzgerald reaffirmed a “hold” rating and set a $25.00 target price on shares of HealthStream in a research note on Monday, July 23rd. Barrington Research reaffirmed a “hold” rating on shares of HealthStream in a research note on Wednesday, July 25th. ValuEngine lowered shares of HealthStream from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. TheStreet upgraded shares of HealthStream from a “c+” rating to a “b-” rating in a report on Thursday, August 9th. Finally, BidaskClub upgraded shares of HealthStream from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. HealthStream currently has a consensus rating of “Hold” and a consensus target price of $27.00.
NASDAQ HSTM opened at $26.91 on Friday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 99.67, a P/E/G ratio of 5.14 and a beta of 0.62. HealthStream has a fifty-two week low of $21.15 and a fifty-two week high of $31.86.
Several large investors have recently modified their holdings of HSTM. BlackRock Inc. lifted its holdings in shares of HealthStream by 10.1% during the second quarter. BlackRock Inc. now owns 3,739,560 shares of the technology company’s stock worth $102,128,000 after purchasing an additional 343,896 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of HealthStream by 379.2% during the second quarter. Renaissance Technologies LLC now owns 306,200 shares of the technology company’s stock worth $8,362,000 after purchasing an additional 242,300 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HealthStream by 8.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,453,306 shares of the technology company’s stock worth $36,086,000 after purchasing an additional 113,754 shares during the period. Millennium Management LLC lifted its holdings in shares of HealthStream by 73.4% during the first quarter. Millennium Management LLC now owns 266,835 shares of the technology company’s stock worth $6,626,000 after purchasing an additional 112,983 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of HealthStream by 847.5% during the second quarter. Acadian Asset Management LLC now owns 115,779 shares of the technology company’s stock worth $3,163,000 after purchasing an additional 103,560 shares during the period. Institutional investors own 72.14% of the company’s stock.
HealthStream Company Profile
HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.
Featured Article: What is insider trading?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for HealthStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream and related companies with MarketBeat.com's FREE daily email newsletter.