HealthStream (NASDAQ:HSTM) Releases Earnings Results, Beats Estimates By $0.02 EPS

HealthStream (NASDAQ:HSTM) announced its earnings results on Monday. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02, Briefing.com reports. The business had revenue of $71.56 million during the quarter, compared to the consensus estimate of $72.85 million. HealthStream had a return on equity of 5.21% and a net margin of 6.26%. HealthStream’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.18 during midday trading on Thursday, hitting $29.32. 9,335 shares of the stock were exchanged, compared to its average volume of 108,034. The business’s fifty day simple moving average is $27.97 and its two-hundred day simple moving average is $26.97. HealthStream has a 52-week low of $20.47 and a 52-week high of $31.15. The company has a market capitalization of $891.33 million, a PE ratio of 50.24, a P/E/G ratio of 4.55 and a beta of 0.38.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be issued a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Monday, August 5th. HealthStream’s dividend payout ratio is currently 18.97%.

Insider Transactions at HealthStream

In other HealthStream news, SVP Scott Fenstermacher sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total value of $26,190.00. Following the completion of the sale, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at $340,679.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.60% of the company’s stock.

Wall Street Analysts Forecast Growth

HSTM has been the topic of several analyst reports. Canaccord Genuity Group lifted their target price on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.