HealthStream (NASDAQ:HSTM) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

HealthStream (NASDAQ:HSTM) announced its quarterly earnings results on Monday. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. During the same quarter in the previous year, the business 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 Trading Up 9.5 %

Shares of NASDAQ HSTM opened at $26.41 on Wednesday. The company has a fifty day moving average price of $26.17 and a 200 day moving average price of $25.85. HealthStream has a 1-year low of $20.47 and a 1-year high of $29.12. The firm has a market cap of $802.86 million, a PE ratio of 45.54, a PEG ratio of 3.94 and a beta of 0.36.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date is Friday, May 3rd. HealthStream’s payout ratio is presently 18.97%.

Insiders Place Their Bets

In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Sousa sold 15,000 shares of the business’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 directly owns 42,525 shares in the company, valued at $1,158,806.25. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of HealthStream from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Barclays initiated coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 target price for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, HealthStream presently has an average rating of “Buy” and an average target price of $32.00.

HealthStream Company Profile

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.