William Blair Brokers Raise Earnings Estimates for HealthStream, Inc. (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Stock analysts at William Blair lifted their FY2024 earnings estimates for shares of HealthStream in a research note issued to investors on Monday, April 22nd. William Blair analyst R. Daniels now anticipates that the technology company will post earnings of $0.53 per share for the year, up from their previous estimate of $0.49. William Blair has a “Outperform” rating on the stock. The consensus estimate for HealthStream’s current full-year earnings is $0.51 per share. William Blair also issued estimates for HealthStream’s FY2025 earnings at $0.57 EPS.

Several other research firms have also recently commented on HSTM. Barclays assumed coverage on HealthStream in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price target for the company. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Trading Down 1.9 %

Shares of HSTM opened at $25.92 on Wednesday. The stock’s 50 day moving average is $26.16 and its two-hundred day moving average is $25.88. HealthStream has a twelve month low of $20.47 and a twelve month high of $29.12. The firm has a market capitalization of $787.97 million, a PE ratio of 44.69, a P/E/G ratio of 3.94 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share.

HealthStream Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be issued a $0.028 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a yield of 0.43%. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Insider Activity

In related 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 value of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares in the company, valued at approximately $387,013.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the transaction, the executive vice president now directly owns 42,525 shares in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following 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. Insiders own 20.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HSTM. First Eagle Investment Management LLC lifted its stake in HealthStream by 90.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 354,776 shares of the technology company’s stock valued at $7,656,000 after buying an additional 168,497 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of HealthStream by 295.6% in the third quarter. Assenagon Asset Management S.A. now owns 133,712 shares of the technology company’s stock valued at $2,886,000 after acquiring an additional 99,913 shares in the last quarter. B. Riley Asset Management LLC acquired a new stake in shares of HealthStream during the third quarter valued at $1,449,000. Exchange Traded Concepts LLC increased its position in HealthStream by 126.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 58,353 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 32,553 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in HealthStream by 9.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock worth $8,280,000 after purchasing an additional 27,274 shares in the last quarter. 69.58% of the stock is 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.