HealthStream (NASDAQ:HSTM) Issues Earnings Results

HealthStream (NASDAQ:HSTM) released its quarterly earnings results on Monday. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07, Briefing.com reports. The business had revenue of $72.80 million during the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a return on equity of 5.22% and a net margin of 6.30%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Trading Up 9.5 %

HealthStream stock opened at $26.41 on Wednesday. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The business’s 50 day simple moving average is $26.17 and its 200 day simple moving average is $25.85. The company has a market cap of $802.86 million, a price-to-earnings ratio of 45.54, a PEG ratio of 3.94 and a beta of 0.36.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a $0.028 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 annualized dividend and a yield of 0.42%. HealthStream’s payout ratio is 18.97%.

Analyst Ratings Changes

HSTM has been the subject of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. StockNews.com upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. Finally, Barclays started coverage on HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $32.00.

Insider Activity at HealthStream

In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction 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 owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction 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 owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was 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 approximately $1,158,806.25. The disclosure for this sale can be found here. 20.60% of the stock is owned by company 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.