Analysts Offer Predictions for HealthStream, Inc.’s Q3 2024 Earnings (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Research analysts at William Blair cut their Q3 2024 EPS estimates for shares of HealthStream in a note issued to investors on Monday, April 22nd. William Blair analyst R. Daniels now anticipates that the technology company will earn $0.12 per share 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 $0.52 per share. William Blair also issued estimates for HealthStream’s Q4 2024 earnings at $0.13 EPS.

Several other equities research analysts have also recently commented on the stock. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Barclays assumed coverage on shares of HealthStream in a research report on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 target price for the company. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Trading Down 1.9 %

NASDAQ:HSTM opened at $25.92 on Thursday. The company has a 50-day moving average price of $26.16 and a 200-day moving average price of $25.88. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The stock has a market cap of $787.97 million, a price-to-earnings ratio of 44.69, a P/E/G ratio of 4.21 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The firm had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. During the same period last year, the company posted $0.12 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.028 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a yield of 0.43%. HealthStream’s dividend payout ratio is currently 18.97%.

Insider Buying and Selling at HealthStream

In other HealthStream 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 transaction of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other HealthStream 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 transaction of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a document filed with the SEC, 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 sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.

Institutional Trading of HealthStream

A number of large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of HealthStream by 82.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock worth $910,000 after acquiring an additional 15,425 shares during the period. Diversified Trust Co bought a new stake in shares of HealthStream in the first quarter worth approximately $213,000. Quadrature Capital Ltd bought a new stake in shares of HealthStream in the fourth quarter worth approximately $311,000. Parallel Advisors LLC boosted its holdings in shares of HealthStream by 79.4% in the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after buying an additional 501 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of HealthStream by 14.8% in the fourth quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock worth $11,013,000 after buying an additional 52,652 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.

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.