HealthStream (NASDAQ:HSTM) issued its quarterly earnings results on Sunday. The technology company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01), MarketWatch Earnings reports. HealthStream had a net margin of 6.86% and a return on equity of 4.19%. The business had revenue of $61.80 million during the quarter, compared to analyst estimates of $59.08 million. During the same period in the previous year, the company posted $0.11 earnings per share. HealthStream’s revenue was down 1.4% compared to the same quarter last year.
HSTM stock traded down $0.56 during mid-day trading on Tuesday, reaching $22.74. 4,192 shares of the stock traded hands, compared to its average volume of 120,038. HealthStream has a 52-week low of $17.95 and a 52-week high of $26.63. The company has a market cap of $720.36 million, a P/E ratio of 44.81, a P/E/G ratio of 12.25 and a beta of 0.33. The stock’s fifty day moving average is $24.40 and its 200-day moving average is $21.40.
A number of brokerages have weighed in on HSTM. Canaccord Genuity reissued a “hold” rating and issued a $20.00 price target on shares of HealthStream in a report on Tuesday, December 1st. Zacks Investment Research raised shares of HealthStream from a “sell” rating to a “hold” rating in a report on Wednesday, February 3rd.
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, competency assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services.
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