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

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

HealthStream Stock Performance

HSTM stock opened at $26.41 on Wednesday. The firm 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 has a 50-day simple moving average of $26.17 and a two-hundred day simple moving average of $25.85. HealthStream has a one year low of $20.47 and a one year high of $29.12.

HealthStream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, May 3rd. HealthStream’s payout ratio is 18.97%.

Analysts Set New Price Targets

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

Insider Activity

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