HealthStream (NASDAQ:HSTM) Issues Earnings Results, Beats Estimates By $0.07 EPS

HealthStream (NASDAQ:HSTM) released its quarterly earnings data on Monday. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07, Briefing.com reports. The firm had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. HealthStream had a return on equity of 5.22% and a net margin of 6.30%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Price Performance

HealthStream stock opened at $26.41 on Wednesday. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The business has a 50 day simple moving average of $26.17 and a 200-day simple moving average of $25.85. The stock has a market capitalization of $802.86 million, a PE ratio of 45.54, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, March 8th. This is a boost from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio is 18.97%.

Insider Transactions at HealthStream

In other news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the sale, the senior vice president now owns 14,693 shares in the company, valued at $387,013.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 42,525 shares in the company, valued at $1,158,806.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the transaction, the senior vice president now owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on HSTM shares. StockNews.com raised HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. William Blair reissued an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Finally, Barclays began coverage on HealthStream in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $32.00.

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.