HealthStream (NASDAQ:HSTM) Releases Earnings Results, Beats Estimates By $0.02 EPS

HealthStream (NASDAQ:HSTM) released its earnings results on Monday. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02, Briefing.com reports. The company had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. HealthStream had a return on equity of 5.21% and a net margin of 6.26%. HealthStream’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Stock Up 1.1 %

HealthStream stock traded up $0.33 during midday trading on Wednesday, reaching $29.79. The stock had a trading volume of 42,038 shares, compared to its average volume of 107,970. The firm has a market capitalization of $905.62 million, a PE ratio of 49.54, a P/E/G ratio of 4.74 and a beta of 0.38. HealthStream has a 12 month low of $20.47 and a 12 month high of $31.15. The firm’s 50-day moving average price is $27.97 and its 200 day moving average price is $26.97.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.028 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.11 annualized dividend and a dividend yield of 0.38%. HealthStream’s payout ratio is 18.97%.

Insider Transactions at HealthStream

In related news, SVP Scott Fenstermacher sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the sale, the senior vice president now directly owns 13,008 shares in the company, valued at approximately $340,679.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 20.60% of the company’s stock.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several research analyst reports. StockNews.com raised HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 6th. Canaccord Genuity Group raised their price objective on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.