William Blair Predicts Increased Earnings for HealthStream

HealthStream, Inc. (NASDAQ:HSTMFree Report) – Investment analysts at William Blair lifted their FY2024 earnings per share estimates for HealthStream in a report released on Monday, October 21st. William Blair analyst R. Daniels now anticipates that the technology company will earn $0.63 per share for the year, up from their prior estimate of $0.55. The consensus estimate for HealthStream’s current full-year earnings is $0.56 per share.

HealthStream (NASDAQ:HSTMGet Free Report) last issued its earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The company had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s revenue was up 4.0% on a year-over-year basis.

Other equities analysts have also issued reports about the company. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Craig Hallum raised HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Barclays raised their price objective on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upped their price target on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Get Our Latest Stock Analysis on HealthStream

HealthStream Stock Performance

Shares of HSTM opened at $28.11 on Thursday. The firm has a fifty day moving average of $28.71 and a 200-day moving average of $27.88. The company has a market cap of $854.49 million, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36. HealthStream has a 1 year low of $23.92 and a 1 year high of $31.15.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Monday, November 4th. HealthStream’s dividend payout ratio (DPR) is currently 18.97%.

Insider Buying and Selling

In related news, SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the sale, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the sale, the director now owns 22,326 shares of the company’s stock, valued at $636,960.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

Institutional Trading of HealthStream

A number of large investors have recently added to or reduced their stakes in HSTM. Harbor Capital Advisors Inc. increased its position in HealthStream by 197.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock worth $4,628,000 after buying an additional 110,189 shares during the period. First Eagle Investment Management LLC boosted its holdings in HealthStream by 21.5% in the first quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock worth $13,192,000 after acquiring an additional 87,400 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of HealthStream by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after buying an additional 54,775 shares during the last quarter. Wakefield Asset Management LLLP bought a new stake in HealthStream during the first quarter worth $909,000. Finally, Allspring Global Investments Holdings LLC grew its position in HealthStream by 97.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock worth $1,878,000 after purchasing an additional 33,161 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

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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.

See Also

Earnings History and Estimates for HealthStream (NASDAQ:HSTM)

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