Q4 2022 EPS Estimates for HealthStream, Inc. (NASDAQ:HSTM) Boosted by William Blair

HealthStream, Inc. (NASDAQ:HSTM – Get Rating) – Equities researchers at William Blair raised their Q4 2022 earnings per share (EPS) estimates for HealthStream in a note issued to investors on Monday, April 25th. William Blair analyst R. Daniels now anticipates that the technology company will earn $0.08 per share for the quarter, up from their previous estimate of $0.07. William Blair also issued estimates for HealthStream’s FY2023 earnings at $0.45 EPS.

HealthStream (NASDAQ:HSTM – Get Rating) last posted its quarterly earnings data on Monday, April 25th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. HealthStream had a return on equity of 2.28% and a net margin of 2.28%. The company had revenue of $65.40 million for the quarter, compared to the consensus estimate of $65.79 million. During the same period in the previous year, the business earned $0.07 EPS. HealthStream’s revenue for the quarter was up 3.0% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on the company. StockNews.com downgraded HealthStream from a “buy” rating to a “hold” rating in a report on Friday, April 22nd. Zacks Investment Research lowered HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, February 23rd. Finally, Canaccord Genuity Group reduced their price objective on HealthStream from $29.00 to $22.00 in a research report on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, HealthStream currently has a consensus rating of “Hold” and an average price target of $27.75.

Shares of NASDAQ HSTM opened at $19.84 on Wednesday. HealthStream has a twelve month low of $18.51 and a twelve month high of $31.11. The company has a market capitalization of $606.25 million, a price-to-earnings ratio of 104.43, a price-to-earnings-growth ratio of 9.28 and a beta of 0.47. The business has a 50 day simple moving average of $20.32 and a 200-day simple moving average of $23.80.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in HealthStream by 1.3% during the 4th quarter. BlackRock Inc. now owns 4,134,695 shares of the technology company’s stock worth $108,991,000 after acquiring an additional 53,748 shares during the period. State Street Corp boosted its position in HealthStream by 0.6% during the 4th quarter. State Street Corp now owns 988,614 shares of the technology company’s stock worth $26,060,000 after acquiring an additional 5,772 shares during the period. Granite Investment Partners LLC boosted its position in HealthStream by 4.2% during the 4th quarter. Granite Investment Partners LLC now owns 822,183 shares of the technology company’s stock worth $21,673,000 after acquiring an additional 32,851 shares during the period. Northern Trust Corp boosted its position in HealthStream by 1.7% during the 4th quarter. Northern Trust Corp now owns 621,294 shares of the technology company’s stock worth $16,377,000 after acquiring an additional 10,503 shares during the period. Finally, Acadian Asset Management LLC boosted its position in HealthStream by 5.7% during the 4th quarter. Acadian Asset Management LLC now owns 539,606 shares of the technology company’s stock worth $14,199,000 after acquiring an additional 29,254 shares during the period. Institutional investors own 73.25% of the company’s stock.

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.

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