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

HealthStream, Inc. (NASDAQ:HSTM) – Equities research analysts at William Blair reduced their Q3 2024 earnings estimates for shares of HealthStream in a research note issued to investors on Monday, April 22nd. William Blair analyst R. Daniels now forecasts that the technology company will earn $0.12 per share for the quarter, down from their previous forecast of $0.13. William Blair has a “Outperform” rating on the stock. The consensus estimate for HealthStream’s current full-year earnings is $0.52 per share. William Blair also issued estimates for HealthStream’s Q4 2024 earnings at $0.13 EPS.

Several other research firms have also recently weighed in on HSTM. Barclays began coverage on shares of HealthStream in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective on the stock. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Stock Performance

HealthStream stock opened at $25.92 on Thursday. The firm’s fifty day moving average price is $26.13 and its 200-day moving average price is $25.88. The stock has a market cap of $787.97 million, a P/E ratio of 44.66, a price-to-earnings-growth ratio of 4.21 and a beta of 0.36. HealthStream has a fifty-two week low of $20.47 and a fifty-two week high of $29.12.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year.

Institutional Investors Weigh In On HealthStream

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in HealthStream by 82.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock worth $910,000 after acquiring an additional 15,425 shares during the last quarter. Diversified Trust Co bought a new stake in HealthStream in the 1st quarter worth $213,000. Quadrature Capital Ltd bought a new stake in HealthStream in the 4th quarter worth $311,000. Parallel Advisors LLC grew its holdings in HealthStream by 79.4% in the 4th 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 last quarter. Finally, First Eagle Investment Management LLC grew its holdings in HealthStream by 14.8% in the 4th quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock worth $11,013,000 after acquiring an additional 52,652 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Insider Activity at HealthStream

In related news, EVP Michael Sousa sold 15,000 shares of the 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 transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Michael Sousa sold 15,000 shares of the 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 transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the transaction, the senior vice president now directly owns 14,693 shares in the company, valued at approximately $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is owned by 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 issued a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.43%. The ex-dividend date 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.