FY2024 Earnings Forecast for HealthStream, Inc. Issued By William Blair (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Analysts at William Blair upped their FY2024 EPS estimates for HealthStream in a report issued on Monday, April 22nd. William Blair analyst R. Daniels now forecasts that the technology company will post earnings per share of $0.53 for the year, up from their prior estimate of $0.49. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for HealthStream’s current full-year earnings is $0.51 per share. William Blair also issued estimates for HealthStream’s FY2025 earnings at $0.57 EPS.

Several other research firms have also commented on HSTM. StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Barclays initiated coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Price Performance

Shares of HSTM stock opened at $25.92 on Wednesday. The stock’s 50-day moving average is $26.16 and its 200 day moving average is $25.88. HealthStream has a 1-year low of $20.47 and a 1-year high of $29.12. The company has a market cap of $787.97 million, a P/E ratio of 44.69, a PEG ratio of 3.94 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. HealthStream had a return on equity of 5.22% and a net margin of 6.30%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its position in HealthStream by 568.2% in the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock valued at $25,000 after buying an additional 983 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of HealthStream in the 3rd quarter valued at $30,000. Parallel Advisors LLC increased its stake in shares of HealthStream by 79.4% in the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after acquiring an additional 501 shares during the period. Quantbot Technologies LP purchased a new position in shares of HealthStream during the third quarter worth $34,000. Finally, Diversified Trust Co purchased a new position in shares of HealthStream during the first quarter worth $213,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HealthStream

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

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, May 3rd. HealthStream’s dividend payout ratio is currently 18.97%.

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.