Q3 2024 EPS Estimates for HealthStream, Inc. (NASDAQ:HSTM) Increased by Analyst

HealthStream, Inc. (NASDAQ:HSTM) – Investment analysts at William Blair increased their Q3 2024 earnings estimates for shares of HealthStream in a note issued to investors on Monday, July 22nd. William Blair analyst R. Daniels now forecasts that the technology company will post earnings per share of $0.13 for the quarter, up from their previous estimate of $0.12. The consensus estimate for HealthStream’s current full-year earnings is $0.57 per share. William Blair also issued estimates for HealthStream’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.57 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.58 EPS.

Several other brokerages have also recently commented on HSTM. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Canaccord Genuity Group lifted their price target on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

HealthStream Stock Up 2.0 %

Shares of NASDAQ HSTM opened at $29.34 on Thursday. HealthStream has a 52 week low of $20.47 and a 52 week high of $31.15. The firm has a 50-day moving average price of $28.03 and a 200 day moving average price of $27.00. The stock has a market capitalization of $891.94 million, a price-to-earnings ratio of 50.59, a price-to-earnings-growth ratio of 4.26 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The firm had revenue of $71.56 million during the quarter, compared to analysts’ expectations of $72.85 million. During the same quarter last year, the business earned $0.13 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after acquiring an additional 630 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after acquiring an additional 501 shares in the last quarter. CWM LLC grew its stake in shares of HealthStream by 405.4% during the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after acquiring an additional 2,173 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of HealthStream during the first quarter valued at about $213,000. Finally, EntryPoint Capital LLC grew its stake in shares of HealthStream by 80.4% during the first quarter. EntryPoint Capital LLC now owns 8,045 shares of the technology company’s stock valued at $214,000 after acquiring an additional 3,586 shares in the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HealthStream

In other HealthStream news, SVP Scott Fenstermacher sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total value of $26,190.00. Following the transaction, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at $340,679.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 20.60% of the stock is currently owned by corporate insiders.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be given a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Monday, August 5th. HealthStream’s payout ratio is currently 18.97%.

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.