Barrington Research Weighs in on HealthStream, Inc.’s Q3 2024 Earnings (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Research analysts at Barrington Research reduced their Q3 2024 earnings per share estimates for shares of HealthStream in a report issued on Wednesday, April 24th. Barrington Research analyst V. Colicchio now forecasts that the technology company will earn $0.14 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for HealthStream’s current full-year earnings is $0.52 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.

Several other brokerages have also recently weighed in on HSTM. 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 for the company. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HealthStream has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Stock Performance

NASDAQ HSTM opened at $25.92 on Thursday. The business has a 50 day simple moving average of $26.16 and a 200 day simple moving average of $25.88. HealthStream has a 52-week low of $20.47 and a 52-week high of $29.12. The stock has a market cap of $787.97 million, a price-to-earnings ratio of 44.69, a PEG ratio of 4.21 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. During the same period in the prior year, the business posted $0.12 EPS. HealthStream’s revenue was up 5.7% on a year-over-year basis.

HealthStream Dividend Announcement

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 issued a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, May 3rd. HealthStream’s payout ratio is presently 18.97%.

Insider Activity

In other news, EVP Michael Sousa sold 15,000 shares of the 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 completion of the sale, the executive vice president now 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 SEC, which is available at this link. In other news, EVP Michael Sousa sold 15,000 shares of the 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 completion of the sale, the executive vice president now 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 SEC, which is available at this link. Also, SVP Trisha L. Coady sold 7,000 shares of the 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 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. 20.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HealthStream

Several hedge funds have recently added to or reduced their stakes in HSTM. Signaturefd LLC lifted its holdings in HealthStream by 568.2% during the 3rd quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock valued at $25,000 after purchasing an additional 983 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in HealthStream during the 3rd quarter valued at $30,000. Parallel Advisors LLC increased its position in HealthStream by 79.4% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after buying an additional 501 shares during the period. Quantbot Technologies LP bought a new position in HealthStream during the 3rd quarter worth $34,000. Finally, Diversified Trust Co bought a new position in HealthStream during the 1st quarter worth $213,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.