HealthStream (NASDAQ:HSTM) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

HealthStream (NASDAQ:HSTM) announced its quarterly earnings data on Monday. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06, FiscalAI reports. HealthStream had a return on equity of 6.83% and a net margin of 6.60%.The business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million.

HealthStream Trading Down 3.8%

Shares of NASDAQ HSTM traded down $1.14 during trading hours on Wednesday, reaching $28.66. The stock had a trading volume of 41,322 shares, compared to its average volume of 273,194. The firm has a 50-day moving average of $27.00 and a 200-day moving average of $23.41. The firm has a market cap of $837.45 million, a price-to-earnings ratio of 42.78, a PEG ratio of 3.21 and a beta of 0.44. HealthStream has a fifty-two week low of $19.50 and a fifty-two week high of $31.11.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 17th. HealthStream’s payout ratio is presently 20.90%.

Analysts Set New Price Targets

HSTM has been the subject of a number of recent research reports. Canaccord Genuity Group lifted their price target on shares of HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Buying and Selling

In other news, EVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $24.08, for a total transaction of $72,240.00. Following the transaction, the executive vice president directly owned 20,982 shares in the company, valued at approximately $505,246.56. This trade represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Rebrovick sold 6,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the sale, the director owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. This trade represents a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,000 shares of company stock valued at $296,240. 20.40% of the stock is owned by company insiders.

Institutional Trading of HealthStream

Hedge funds have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC acquired a new position in shares of HealthStream in the third quarter valued at approximately $40,000. Tower Research Capital LLC TRC grew its position in HealthStream by 241.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock valued at $67,000 after buying an additional 1,702 shares during the last quarter. State of Wyoming acquired a new position in HealthStream in the 2nd quarter valued at $106,000. Virtus Advisers LLC purchased a new position in HealthStream during the 3rd quarter worth $142,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of HealthStream by 101.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,241 shares of the technology company’s stock worth $148,000 after acquiring an additional 2,642 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

HealthStream Company Profile

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.