HealthStream (NASDAQ:HSTM) Issues Quarterly Earnings Results

HealthStream (NASDAQ:HSTMGet Rating) posted its quarterly earnings results on Monday. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05, MarketWatch Earnings reports. HealthStream had a net margin of 2.28% and a return on equity of 2.28%. The business had revenue of $65.40 million during the quarter, compared to analyst estimates of $65.79 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. HealthStream updated its FY 2022 guidance to EPS.

Shares of NASDAQ:HSTM opened at $19.29 on Tuesday. The company has a market cap of $589.44 million, a price-to-earnings ratio of 101.53, a price-to-earnings-growth ratio of 9.28 and a beta of 0.47. The company has a 50-day moving average price of $20.40 and a 200-day moving average price of $23.83. HealthStream has a 12 month low of $18.51 and a 12 month high of $31.11.

Several analysts have issued reports on the stock. Canaccord Genuity Group cut their price target on shares of HealthStream from $29.00 to $22.00 in a research report on Wednesday, February 23rd. Zacks Investment Research lowered shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, February 23rd. Finally, StockNews.com downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, HealthStream currently has a consensus rating of “Hold” and a consensus target price of $27.75.

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in HealthStream by 550.3% in the second quarter. Royal Bank of Canada now owns 2,016 shares of the technology company’s stock worth $56,000 after buying an additional 1,706 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in HealthStream in the fourth quarter worth about $185,000. Cubist Systematic Strategies LLC bought a new position in HealthStream in the third quarter worth about $265,000. Millennium Management LLC bought a new position in HealthStream in the second quarter worth about $417,000. Finally, Citigroup Inc. raised its stake in HealthStream by 42.7% in the fourth quarter. Citigroup Inc. now owns 21,463 shares of the technology company’s stock worth $566,000 after buying an additional 6,424 shares in the last quarter. 73.25% of the stock is owned by institutional investors.

About HealthStream (Get Rating)

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 range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation and account management services.

Further Reading

Earnings History for HealthStream (NASDAQ:HSTM)

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