Brokers Set Expectations for HealthStream, Inc.’s Q3 2024 Earnings (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Equities research analysts at Barrington Research reduced their Q3 2024 earnings per share estimates for HealthStream in a report issued on Wednesday, April 24th. Barrington Research analyst V. Colicchio now forecasts that the technology company will earn $0.14 per share for the quarter, down from their prior estimate of $0.15. The consensus estimate for HealthStream’s current full-year earnings is $0.52 per share. Barrington Research also issued estimates for HealthStream’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at $0.57 EPS and FY2025 earnings at $0.64 EPS.

A number of other equities research analysts also recently commented on HSTM. Barclays started coverage on HealthStream in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price objective for the company. William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. Finally, StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, HealthStream presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Stock Performance

NASDAQ HSTM opened at $25.92 on Thursday. The stock has a 50-day simple moving average of $26.13 and a 200 day simple moving average of $25.88. The company has a market capitalization of $787.97 million, a PE ratio of 44.66, a P/E/G ratio of 4.21 and a beta of 0.36. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $72.80 million during the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share.

Institutional Inflows and Outflows

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

Insider Buying and Selling at HealthStream

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

HealthStream Announces Dividend

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

About HealthStream

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.