Equities analysts forecast that HealthStream, Inc. (NASDAQ:HSTM) will announce earnings per share of $0.07 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for HealthStream’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.06. HealthStream posted earnings per share of $0.11 in the same quarter last year, which suggests a negative year-over-year growth rate of 36.4%. The company is expected to announce its next earnings results after the market closes on Monday, October 21st.
On average, analysts expect that HealthStream will report full-year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.40. For the next year, analysts expect that the business will report earnings of $0.34 per share, with EPS estimates ranging from $0.32 to $0.36. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for HealthStream.
HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, July 22nd. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. HealthStream had a return on equity of 4.22% and a net margin of 5.71%. The company had revenue of $63.78 million for the quarter, compared to analysts’ expectations of $63.12 million. During the same period last year, the business earned $0.11 EPS. HealthStream’s quarterly revenue was up 11.9% compared to the same quarter last year.
A number of equities analysts recently issued reports on the company. Barrington Research reiterated a “market perform” rating on shares of HealthStream in a report on Thursday, July 25th. BidaskClub cut HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. ValuEngine upgraded HealthStream from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Finally, Zacks Investment Research cut HealthStream from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $28.00.
In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $28.58, for a total transaction of $142,900.00. Following the transaction, the director now directly owns 14,193 shares in the company, valued at approximately $405,635.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.40% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in HealthStream by 1.8% during the 2nd quarter. BlackRock Inc. now owns 4,082,118 shares of the technology company’s stock valued at $105,564,000 after acquiring an additional 71,204 shares in the last quarter. Vanguard Group Inc. lifted its stake in HealthStream by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,715,533 shares of the technology company’s stock valued at $70,224,000 after acquiring an additional 9,253 shares in the last quarter. Invesco Ltd. lifted its stake in HealthStream by 16.4% during the 2nd quarter. Invesco Ltd. now owns 695,095 shares of the technology company’s stock valued at $17,975,000 after acquiring an additional 97,729 shares in the last quarter. Granite Investment Partners LLC lifted its stake in HealthStream by 9.0% during the 2nd quarter. Granite Investment Partners LLC now owns 678,991 shares of the technology company’s stock valued at $17,559,000 after acquiring an additional 55,945 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in HealthStream by 23.8% during the 2nd quarter. Bank of America Corp DE now owns 580,014 shares of the technology company’s stock valued at $14,999,000 after acquiring an additional 111,525 shares in the last quarter. Institutional investors and hedge funds own 72.72% of the company’s stock.
Shares of HSTM traded up $0.17 during trading hours on Monday, reaching $26.33. The stock had a trading volume of 71,832 shares, compared to its average volume of 125,227. HealthStream has a 12 month low of $23.06 and a 12 month high of $30.00. The firm has a 50-day simple moving average of $26.06 and a 200 day simple moving average of $26.46. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $854.89 million, a price-to-earnings ratio of 61.23, a P/E/G ratio of 5.77 and a beta of 0.69.
HealthStream Company Profile
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.
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