HealthStream (NASDAQ:HSTM) Releases Earnings Results, Beats Estimates By $0.07 EPS

HealthStream (NASDAQ:HSTM) issued its earnings results on Monday. The technology company reported $0.17 earnings per share (EPS) 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 business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. During the same period in the prior year, the firm posted $0.12 EPS. HealthStream’s quarterly revenue was up 5.7% compared to the same quarter last year. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Price Performance

HSTM stock opened at $26.41 on Wednesday. The business has a fifty day moving average price of $26.17 and a 200 day moving average price of $25.85. HealthStream has a fifty-two week low of $20.47 and a fifty-two week high of $29.12. The stock has a market capitalization of $802.86 million, a price-to-earnings ratio of 45.54, a P/E/G ratio of 3.94 and a beta of 0.36.

HealthStream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.42%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, March 8th. HealthStream’s dividend payout ratio (DPR) is currently 18.97%.

Wall Street Analysts Forecast Growth

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

Insider Activity at HealthStream

In related news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

HealthStream Company Profile

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.