HealthStream, Inc. (NASDAQ:HSTM) shares rose 5.6% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $28.16 and last traded at $27.82, approximately 255,185 shares traded hands during trading. An increase of 103% from the average daily volume of 125,864 shares. The stock had previously closed at $26.35.
The technology company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. HealthStream had a return on equity of 4.16% and a net margin of 5.92%. The business had revenue of $62.50 million for the quarter, compared to analysts’ expectations of $62.91 million. During the same quarter in the prior year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut HealthStream from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Barrington Research restated a “market perform” rating on shares of HealthStream in a research note on Thursday, July 25th. BidaskClub cut HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, ValuEngine upgraded HealthStream from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.00.
In related news, Director Jeffrey L. Mclaren sold 5,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the sale, the director now owns 14,193 shares in the company, valued at approximately $405,635.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of HSTM. Nuveen Asset Management LLC acquired a new position in HealthStream in the 2nd quarter valued at $3,822,000. Mckinley Capital Management LLC Delaware acquired a new position in HealthStream in the 2nd quarter valued at $3,059,000. Renaissance Technologies LLC grew its holdings in HealthStream by 30.4% in the 2nd quarter. Renaissance Technologies LLC now owns 489,900 shares of the technology company’s stock valued at $12,669,000 after buying an additional 114,300 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in HealthStream by 84.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 247,694 shares of the technology company’s stock valued at $6,449,000 after buying an additional 113,684 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in HealthStream by 23.8% in the 2nd quarter. Bank of America Corp DE now owns 580,014 shares of the technology company’s stock valued at $14,999,000 after buying an additional 111,525 shares in the last quarter. 72.72% of the stock is currently owned by hedge funds and other institutional investors.
The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.18 and a current ratio of 2.18. The business has a fifty day simple moving average of $26.17 and a 200 day simple moving average of $26.46. The stock has a market capitalization of $853.04 million, a price-to-earnings ratio of 65.05, a price-to-earnings-growth ratio of 5.74 and a beta of 0.69.
HealthStream Company Profile (NASDAQ:HSTM)
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.
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