Q3 2024 EPS Estimates for HealthStream, Inc. (NASDAQ:HSTM) Reduced by Analyst

HealthStream, Inc. (NASDAQ:HSTM) – Research analysts at William Blair cut their Q3 2024 EPS estimates for shares of HealthStream in a research report issued to clients and investors on Monday, April 22nd. William Blair analyst R. Daniels now forecasts that the technology company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. William Blair has a “Outperform” rating on the stock. The consensus estimate for HealthStream’s current full-year earnings is $0.52 per share. William Blair also issued estimates for HealthStream’s Q4 2024 earnings at $0.13 EPS.

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

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $25.92 on Thursday. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The company has a 50 day simple moving average of $26.13 and a two-hundred day simple moving average of $25.88. The stock has a market cap of $787.97 million, a price-to-earnings ratio of 44.66, a PEG ratio of 4.21 and a beta of 0.36.

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

Institutional Investors Weigh In On HealthStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in HSTM. Heartland Advisors Inc. grew its holdings in shares of HealthStream by 0.9% during the fourth quarter. Heartland Advisors Inc. now owns 640,725 shares of the technology company’s stock worth $18,459,000 after buying an additional 5,593 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of HealthStream by 14.8% during the fourth quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock worth $11,013,000 after buying an additional 52,652 shares in the last quarter. Invesco Ltd. grew its holdings in shares of HealthStream by 3.4% during the third quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock worth $6,685,000 after buying an additional 10,265 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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 buying an additional 27,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of HealthStream by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company’s stock worth $5,400,000 after buying an additional 5,367 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Insider Activity at HealthStream

In related news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were 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 in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the sale, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction 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 directly 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.

HealthStream Dividend Announcement

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

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.