Brokerages predict that HealthStream, Inc. (NASDAQ:HSTM) will announce $60.41 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for HealthStream’s earnings, with the highest sales estimate coming in at $60.91 million and the lowest estimate coming in at $59.90 million. HealthStream reported sales of $54.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.1%. The business is expected to announce its next quarterly earnings results on Monday, April 29th.

According to Zacks, analysts expect that HealthStream will report full year sales of $253.91 million for the current fiscal year, with estimates ranging from $252.80 million to $255.01 million. For the next fiscal year, analysts expect that the company will post sales of $269.11 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover HealthStream.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Tuesday, February 19th. The technology company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.04. HealthStream had a net margin of 13.91% and a return on equity of 4.39%. The business had revenue of $59.83 million for the quarter, compared to analysts’ expectations of $58.96 million. During the same quarter last year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year.

HSTM has been the subject of a number of recent analyst reports. TheStreet upgraded shares of HealthStream from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th. Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, January 22nd. ValuEngine upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. BidaskClub upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Barrington Research reiterated a “hold” rating on shares of HealthStream in a research report on Thursday, December 6th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.80.

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of HealthStream by 5.8% in the third quarter. Wells Fargo & Company MN now owns 42,062 shares of the technology company’s stock worth $1,304,000 after buying an additional 2,307 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of HealthStream by 3.1% in the third quarter. Bank of New York Mellon Corp now owns 302,406 shares of the technology company’s stock worth $9,377,000 after buying an additional 8,966 shares during the period. Legal & General Group Plc boosted its holdings in shares of HealthStream by 6.2% in the third quarter. Legal & General Group Plc now owns 54,432 shares of the technology company’s stock worth $1,680,000 after buying an additional 3,171 shares during the period. Vanguard Group Inc boosted its holdings in shares of HealthStream by 2.5% in the third quarter. Vanguard Group Inc now owns 2,589,076 shares of the technology company’s stock worth $80,288,000 after buying an additional 63,817 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of HealthStream by 6.7% in the third quarter. BlackRock Inc. now owns 3,988,432 shares of the technology company’s stock worth $123,681,000 after buying an additional 248,872 shares during the period. Institutional investors own 72.24% of the company’s stock.

HSTM traded down $0.39 on Friday, reaching $27.84. The company had a trading volume of 1,485 shares, compared to its average volume of 136,215. The firm has a market capitalization of $907.83 million, a PE ratio of 64.33, a P/E/G ratio of 6.12 and a beta of 0.74. HealthStream has a one year low of $23.06 and a one year high of $31.86.

About HealthStream

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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