HealthStream (NASDAQ:HSTM) Issues Earnings Results

HealthStream (NASDAQ:HSTM) announced its quarterly 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 company had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Stock Up 9.5 %

Shares of HealthStream stock opened at $26.41 on Wednesday. The stock’s fifty day moving average is $26.17 and its 200-day moving average is $25.85. The firm has a market capitalization of $802.86 million, a PE ratio of 45.54, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36. HealthStream has a 12-month low of $20.47 and a 12-month high of $29.12.

HealthStream Announces Dividend

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

Wall Street Analyst Weigh In

HSTM has been the topic of a number of research reports. Barclays initiated coverage on HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price objective on the stock. StockNews.com raised HealthStream from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. Finally, William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. One equities research 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 data from MarketBeat.com, HealthStream currently has a consensus rating of “Buy” and a consensus price target of $32.00.

Insider Transactions at HealthStream

In other news, SVP Trisha L. Coady sold 7,000 shares of the business’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 sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Michael Sousa sold 15,000 shares of the business’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 sale, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the business’s 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 sale, the senior vice president now directly owns 14,693 shares in the company, valued at $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is owned by insiders.

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.