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

HealthStream (NASDAQ:HSTM) posted its quarterly earnings data on Monday. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07, Briefing.com reports. HealthStream had a return on equity of 4.71% and a net margin of 5.45%. The business had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. 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 Performance

HealthStream stock opened at $24.11 on Tuesday. The stock has a market cap of $732.94 million, a P/E ratio of 48.22, a PEG ratio of 4.06 and a beta of 0.36. HealthStream has a fifty-two week low of $20.47 and a fifty-two week high of $29.12. The firm’s fifty day moving average price is $26.17 and its 200-day moving average price is $25.85.

HealthStream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a dividend of $0.028 per share. This is a boost from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.11 dividend on an annualized basis and a yield of 0.46%. HealthStream’s payout ratio is presently 22.00%.

Analysts Set New Price Targets

Several research firms recently commented on HSTM. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. Barclays began coverage on shares of HealthStream in a report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 target price on the stock. Finally, StockNews.com raised shares of HealthStream from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $32.00.

Insider Transactions at HealthStream

In other news, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 transaction of $184,380.00. Following the completion of the transaction, the senior vice president now directly owns 14,693 shares in the company, valued at approximately $387,013.62. The disclosure for this sale can be found here. 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.