HealthStream (NASDAQ:HSTM) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

HealthStream (NASDAQ:HSTM) announced its earnings results on Monday. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02, FiscalAI reports. The firm had revenue of $83.31 million during the quarter, compared to analyst estimates of $82.24 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%.

HealthStream Trading Up 2.6%

Shares of NASDAQ:HSTM traded up $0.88 during trading on Monday, hitting $34.58. 281,916 shares of the company’s stock were exchanged, compared to its average volume of 250,824. The firm has a market cap of $1.01 billion, a P/E ratio of 48.03, a PEG ratio of 3.90 and a beta of 0.45. HealthStream has a 1-year low of $19.50 and a 1-year high of $35.60. The firm has a 50-day moving average price of $30.94 and a two-hundred day moving average price of $25.59.

Insider Buying and Selling at HealthStream

In related news, Director Linda Rebrovick sold 12,000 shares of HealthStream stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $35.00, for a total transaction of $420,000.00. Following the completion of the sale, the director owned 39,329 shares of the company’s stock, valued at approximately $1,376,515. This trade represents a 23.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert A. Frist, Jr. sold 144,068 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $29.50, for a total value of $4,250,006.00. Following the sale, the chief executive officer directly owned 3,907,038 shares of the company’s stock, valued at approximately $115,257,621. This trade represents a 3.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 20.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on HSTM. Weiss Ratings upgraded HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Citigroup reiterated a “market perform” rating on shares of HealthStream in a research report on Tuesday, October 27th. Canaccord Genuity Group raised their price objective on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Freedom Capital upgraded HealthStream to a “hold” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, HealthStream has a consensus rating of “Hold” and a consensus target price of $27.00.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.