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

HealthStream, Inc. (NASDAQ:HSTM) – Analysts at Barrington Research reduced their Q3 2024 earnings estimates for shares of HealthStream in a research report issued to clients and investors on Wednesday, April 24th. Barrington Research analyst V. Colicchio now expects that the technology company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.15. The consensus estimate for HealthStream’s current full-year earnings is $0.54 per share. Barrington Research also issued estimates for HealthStream’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.57 EPS and FY2025 earnings at $0.64 EPS.

Other analysts have also issued reports about the stock. Barclays began coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 target price for the company. William Blair reiterated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Finally, StockNews.com lowered 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Stock Performance

Shares of HSTM opened at $25.61 on Thursday. The company’s fifty day moving average is $26.09 and its 200 day moving average is $25.88. The stock has a market capitalization of $778.54 million, a PE ratio of 44.69, a P/E/G ratio of 4.00 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 released its quarterly earnings data 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 firm had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share.

Hedge Funds Weigh In On HealthStream

Several institutional investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. grew its stake in HealthStream by 0.9% during the 4th quarter. Heartland Advisors Inc. now owns 640,725 shares of the technology company’s stock valued at $18,459,000 after purchasing an additional 5,593 shares in the last quarter. First Eagle Investment Management LLC raised its stake in HealthStream by 14.8% during the 4th quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock valued at $11,013,000 after acquiring an additional 52,652 shares in the last quarter. Invesco Ltd. raised its stake in HealthStream by 3.4% during the 3rd quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock valued at $6,685,000 after acquiring an additional 10,265 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of HealthStream by 9.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock worth $8,280,000 after buying an additional 27,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of HealthStream by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company’s stock worth $5,400,000 after buying an additional 5,367 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction dated 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 owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction that occurred 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 sale, the senior vice president now owns 14,693 shares in the company, valued at $387,013.62. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, May 3rd. HealthStream’s payout ratio is presently 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.