HealthStream (NASDAQ:HSTM) Announces Earnings Results

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

HealthStream Price Performance

Shares of HSTM opened at $26.41 on Wednesday. The stock has a 50-day moving average of $26.17 and a 200-day moving average of $25.85. The company has a market cap of $802.86 million, a PE ratio of 45.54, a P/E/G ratio of 3.94 and a beta of 0.36. HealthStream has a one year low of $20.47 and a one year high of $29.12.

HealthStream Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the transaction, 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 SEC, which is available through this hyperlink. In related news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the transaction, 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 SEC, which is available through this hyperlink. Also, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were 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 currently 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.