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

HealthStream, Inc. (NASDAQ:HSTM) – Research analysts at Barrington Research dropped their Q3 2024 earnings per share estimates for shares of HealthStream in a research note issued on Wednesday, April 24th. Barrington Research analyst V. Colicchio now forecasts that the technology company will post earnings of $0.14 per share for the quarter, down from their previous 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.

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

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

HealthStream Price Performance

Shares of HSTM opened at $25.92 on Thursday. The business’s 50 day moving average is $26.13 and its two-hundred day moving average is $25.88. HealthStream has a 52-week low of $20.47 and a 52-week high of $29.12. The firm 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Heartland Advisors Inc. grew its stake in HealthStream by 0.9% during the 4th 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 during the last quarter. First Eagle Investment Management LLC grew its stake in HealthStream by 14.8% during the 4th 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 during the last quarter. Invesco Ltd. grew its stake in shares of HealthStream by 3.4% in the third quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock worth $6,685,000 after purchasing an additional 10,265 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of HealthStream by 9.8% in 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 purchasing an additional 27,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of HealthStream by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company’s stock worth $5,400,000 after purchasing an additional 5,367 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 42,525 shares in the company, valued at approximately $1,158,806.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

HealthStream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued 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 dividend yield of 0.43%. HealthStream’s dividend payout ratio (DPR) 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.