FY2024 EPS Estimates for HealthStream Boosted by Analyst

HealthStream, Inc. (NASDAQ:HSTM) – Analysts at William Blair boosted their FY2024 earnings estimates for HealthStream in a research report issued to clients and investors on Monday, October 21st. William Blair analyst R. Daniels now expects that the technology company will earn $0.63 per share for the year, up from their previous forecast of $0.55. The consensus estimate for HealthStream’s current full-year earnings is $0.56 per share.

A number of other brokerages have also recently weighed in on HSTM. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays boosted their target price on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday. Canaccord Genuity Group raised their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, HealthStream has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Stock Up 0.7 %

Shares of HealthStream stock opened at $28.31 on Thursday. HealthStream has a 12-month low of $23.92 and a 12-month high of $31.15. The stock has a 50 day moving average price of $28.72 and a two-hundred day moving average price of $27.91. The stock has a market capitalization of $860.57 million, a P/E ratio of 48.81, a PEG ratio of 4.25 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The business had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the prior year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Monday, November 4th. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Insiders Place Their Bets

In other news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the transaction, the director now owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the sale, the director now directly owns 22,326 shares in the company, valued at $636,960.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of HealthStream by 172.1% during the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after buying an additional 630 shares during the period. Point72 DIFC Ltd bought a new position in shares of HealthStream during the second quarter valued at $38,000. Copeland Capital Management LLC bought a new position in shares of HealthStream during the third quarter valued at $63,000. CWM LLC boosted its stake in shares of HealthStream by 405.4% in the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,173 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in shares of HealthStream in the 1st quarter worth about $213,000. 69.58% of the stock is owned by institutional investors.

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.