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

HealthStream, Inc. (NASDAQ:HSTM) – Stock analysts at William Blair lowered their Q3 2024 EPS estimates for HealthStream in a research report issued on Monday, April 22nd. William Blair analyst R. Daniels now expects that the technology company will earn $0.12 per share for the quarter, down from their previous estimate of $0.13. William Blair currently 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 research firms also recently issued reports on HSTM. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Barclays assumed coverage on shares of HealthStream in a report on Wednesday, January 3rd. They set 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 assigned a buy rating to the stock. According to data from MarketBeat, HealthStream presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Stock Down 1.9 %

HSTM opened at $25.92 on Thursday. HealthStream has a 52-week low of $20.47 and a 52-week high of $29.12. The company has a market cap of $787.97 million, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 4.21 and a beta of 0.36. The firm’s 50-day moving average price is $26.16 and its 200-day moving average price is $25.88.

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

Institutional Investors Weigh In On HealthStream

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of HealthStream in the 3rd quarter worth $252,000. Summit Global Investments acquired a new stake in shares of HealthStream during the 3rd quarter worth about $286,000. Exchange Traded Concepts LLC increased its position in shares of HealthStream by 126.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 58,353 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 32,553 shares during the last quarter. Strs Ohio increased its position in shares of HealthStream by 10.7% during the 3rd quarter. Strs Ohio now owns 27,900 shares of the technology company’s stock worth $602,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Cambiar Investors LLC increased its position in shares of HealthStream by 21.2% during the 3rd quarter. Cambiar Investors LLC now owns 111,321 shares of the technology company’s stock worth $2,402,000 after purchasing an additional 19,499 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling

In related news, SVP Trisha L. Coady sold 7,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 14,693 shares in the company, valued at approximately $387,013.62. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $387,013.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.25, for a total transaction of $408,750.00. Following the sale, the executive vice president now directly 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 owned by corporate insiders.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a $0.028 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 annualized dividend and a yield of 0.43%. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

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.