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

HealthStream (NASDAQ:HSTM) posted its quarterly earnings results on Monday. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07, Briefing.com reports. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Stock Up 9.5 %

HSTM stock opened at $26.41 on Wednesday. The firm has a 50 day moving average of $26.17 and a 200 day moving average of $25.85. The stock has a market capitalization of $802.86 million, a PE ratio of 45.54, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36. HealthStream has a 52 week low of $20.47 and a 52 week high of $29.12.

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.028 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.11 dividend on an annualized basis and a yield of 0.42%. HealthStream’s dividend payout ratio (DPR) is 18.97%.

Insider Buying and Selling

In related 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 value of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HealthStream 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 transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible 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 transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.