HealthStream, Inc. to Post Q3 2024 Earnings of $0.12 Per Share, William Blair Forecasts (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Equities researchers at William Blair reduced their Q3 2024 earnings per share estimates for shares of HealthStream in a note issued to investors on Monday, April 22nd. William Blair analyst R. Daniels now expects that the technology company will post earnings per share of $0.12 for the quarter, down from their previous forecast of $0.13. William Blair has a “Outperform” rating on the stock. The consensus estimate for HealthStream’s current full-year earnings is $0.54 per share. William Blair also issued estimates for HealthStream’s Q4 2024 earnings at $0.13 EPS.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data 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. The business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share.

Several other analysts have also issued reports on HSTM. Barclays initiated coverage on HealthStream in a report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price target for the company. 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 stock. According to data from MarketBeat, HealthStream presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Price Performance

HSTM stock opened at $25.61 on Thursday. HealthStream has a 1-year low of $20.47 and a 1-year high of $29.12. The stock has a market capitalization of $778.54 million, a P/E ratio of 44.69, a P/E/G ratio of 4.00 and a beta of 0.36. The business has a fifty day moving average price of $26.09 and a 200-day moving average price of $25.88.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.028 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 annualized dividend and a dividend yield of 0.44%. HealthStream’s dividend payout ratio is presently 18.97%.

Insider Buying and Selling

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

Institutional Trading of HealthStream

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its position in HealthStream by 79.4% in the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after purchasing an additional 501 shares during the period. Signaturefd LLC raised its holdings in HealthStream by 568.2% during the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock worth $25,000 after purchasing an additional 983 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in HealthStream in the third quarter valued at about $30,000. Quantbot Technologies LP acquired a new stake in shares of HealthStream in the third quarter valued at approximately $34,000. Finally, Diversified Trust Co acquired a new stake in shares of HealthStream in the first quarter valued at approximately $213,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.