HealthStream (NASDAQ:HSTM) Issues Earnings Results, Beats Expectations By $0.07 EPS

HealthStream (NASDAQ:HSTM) issued its quarterly earnings data on Monday. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07, Briefing.com reports. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The firm 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 earned $0.12 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Stock Up 9.5 %

HSTM opened at $26.41 on Wednesday. The firm has a market capitalization of $802.86 million, a P/E ratio of 45.54, a P/E/G ratio of 3.94 and a beta of 0.36. The firm’s 50 day moving average is $26.17 and its 200-day moving average is $25.85. HealthStream has a 52-week low of $20.47 and a 52-week high of $29.12.

HealthStream Announces Dividend

The company 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 dividend of $0.028 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.42%. HealthStream’s dividend payout ratio is currently 18.97%.

Wall Street Analyst Weigh In

HSTM has been the topic of several analyst reports. 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 target on the stock. William Blair reiterated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. Finally, StockNews.com upgraded shares of HealthStream from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, HealthStream currently has an average rating of “Buy” and an average target price of $32.00.

Insider Activity

In other news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction that occurred 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 owns 42,525 shares in the company, valued at $1,158,806.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

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.