William Blair Forecasts Increased Earnings for HealthStream

HealthStream, Inc. (NASDAQ:HSTM) – Equities research analysts at William Blair upped their FY2024 earnings estimates for shares of HealthStream in a research report issued to clients and investors on Monday, October 21st. William Blair analyst R. Daniels now anticipates that the technology company will post earnings of $0.63 per share for the year, up from their prior forecast of $0.55. The consensus estimate for HealthStream’s current full-year earnings is $0.56 per share.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue was up 4.0% on a year-over-year basis.

HSTM has been the subject of a number of other research reports. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Barclays boosted their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Trading Down 4.8 %

NASDAQ:HSTM opened at $28.63 on Thursday. HealthStream has a 12 month low of $22.84 and a 12 month high of $31.15. The company has a market cap of $870.29 million, a PE ratio of 49.36, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36. The company has a 50 day simple moving average of $28.70 and a two-hundred day simple moving average of $27.88.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be paid a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Monday, November 4th. HealthStream’s dividend payout ratio (DPR) is 18.97%.

Insider Activity at HealthStream

In related news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the sale, the director now owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

Institutional Trading of HealthStream

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of HealthStream by 172.1% during the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after buying an additional 630 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of HealthStream during the 2nd quarter valued at about $38,000. Copeland Capital Management LLC purchased a new stake in shares of HealthStream during the 3rd quarter valued at about $63,000. CWM LLC raised its position in shares of HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after buying an additional 2,173 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of HealthStream during the 2nd quarter valued at about $214,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.