Q3 2024 Earnings Estimate for HealthStream, Inc. Issued By William Blair (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) – Stock analysts at William Blair dropped their Q3 2024 earnings 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 post earnings per share of $0.12 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 $0.54 per share. William Blair also issued estimates for HealthStream’s Q4 2024 earnings at $0.13 EPS.

HSTM has been the subject of several other research reports. StockNews.com lowered 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 price objective on the stock. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, HealthStream presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Price Performance

NASDAQ:HSTM opened at $25.61 on Thursday. The firm has a 50 day simple moving average of $26.09 and a 200-day simple moving average of $25.88. The firm has a market cap of $778.54 million, a PE ratio of 44.69, a P/E/G ratio of 4.00 and a beta of 0.36. HealthStream has a 1-year low of $20.47 and a 1-year high of $29.12.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be given a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, May 3rd. HealthStream’s dividend payout ratio (DPR) is currently 18.97%.

Insider Buying and Selling

In other news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the sale, the senior vice president now directly owns 14,693 shares in the company, valued at $387,013.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was 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. 20.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of HealthStream by 568.2% during the 3rd quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock worth $25,000 after buying an additional 983 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of HealthStream in the 3rd quarter valued at about $30,000. Parallel Advisors LLC boosted its position in shares of HealthStream by 79.4% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after purchasing an additional 501 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of HealthStream during the 3rd quarter valued at about $34,000. Finally, Diversified Trust Co acquired a new position in HealthStream during the 1st quarter worth approximately $213,000. 69.58% of the stock is currently owned by institutional investors.

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.