HealthStream (NASDAQ:HSTM) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

HealthStream (NASDAQ:HSTM) issued its quarterly earnings data on Monday. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07, Briefing.com reports. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. During the same period last year, the firm posted $0.12 EPS. HealthStream’s revenue for the quarter was up 5.7% on a year-over-year basis. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Stock Up 9.5 %

Shares of NASDAQ:HSTM opened at $26.41 on Wednesday. The company has a market cap of $802.86 million, a price-to-earnings ratio of 45.54, a PEG ratio of 3.94 and a beta of 0.36. The firm’s 50-day simple moving average is $26.17 and its 200-day simple moving average is $25.85. HealthStream has a fifty-two week low of $20.47 and a fifty-two week high of $29.12.

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a $0.028 dividend. This is an increase from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, March 8th. This represents a $0.11 annualized dividend and a dividend yield of 0.42%. HealthStream’s payout ratio is presently 18.97%.

Insider Activity

In other news, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the sale, the executive vice president now owns 42,525 shares in the company, valued at $1,158,806.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were 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 owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Barclays assumed coverage on shares of HealthStream in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective on the stock. Finally, StockNews.com raised shares of HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, HealthStream currently has a consensus rating of “Buy” and a consensus price target of $32.00.

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.