HealthStream Inc. Forecasted to Post Q1 2017 Earnings of $0.03 Per Share (HSTM)
HealthStream Inc. (NASDAQ:HSTM) – Barrington Research decreased their Q1 2017 earnings per share (EPS) estimates for shares of HealthStream in a report released on Tuesday. Barrington Research analyst V. Colicchio now anticipates that the firm will post earnings of $0.03 per share for the quarter, down from their prior forecast of $0.11. Barrington Research also issued estimates for HealthStream’s FY2017 earnings at $0.25 EPS.
HealthStream (NASDAQ:HSTM) last announced its earnings results on Wednesday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. The firm earned $58.40 million during the quarter, compared to analysts’ expectations of $58.70 million. HealthStream had a return on equity of 3.13% and a net margin of 2.63%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.08 earnings per share.
Several other equities research analysts have also recently weighed in on the company. First Analysis cut HealthStream from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $30.00 to $27.00 in a report on Wednesday, July 27th. FBR & Co restated a “buy” rating on shares of HealthStream in a research note on Wednesday, August 10th. Canaccord Genuity restated a “buy” rating and set a $32.00 price objective on shares of HealthStream in a research note on Tuesday, August 9th. Zacks Investment Research cut HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $28.00 price objective (down from $32.00) on shares of HealthStream in a research note on Sunday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.50.
HealthStream (NASDAQ:HSTM) opened at 24.11 on Thursday. The stock has a market capitalization of $765.23 million, a PE ratio of 133.20 and a beta of 1.21. HealthStream has a 12 month low of $17.80 and a 12 month high of $28.84. The firm has a 50-day moving average price of $26.37 and a 200 day moving average price of $25.29.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. raised its position in shares of HealthStream by 0.4% in the third quarter. Capstone Asset Management Co. now owns 11,083 shares of the company’s stock worth $306,000 after buying an additional 40 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of HealthStream by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,420 shares of the company’s stock worth $150,000 after buying an additional 90 shares in the last quarter. American International Group Inc. raised its position in shares of HealthStream by 0.8% in the third quarter. American International Group Inc. now owns 19,079 shares of the company’s stock worth $527,000 after buying an additional 149 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of HealthStream by 1.8% in the third quarter. Wells Fargo & Company MN now owns 9,081 shares of the company’s stock worth $251,000 after buying an additional 160 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of HealthStream by 1.6% in the second quarter. Arizona State Retirement System now owns 12,664 shares of the company’s stock worth $336,000 after buying an additional 200 shares in the last quarter. 71.80% of the stock is currently owned by institutional investors and hedge funds.
In other HealthStream news, Director Tate Deborah Taylor sold 1,500 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $24.28, for a total value of $36,420.00. Following the completion of the sale, the director now directly owns 12,188 shares in the company, valued at $295,924.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. 21.10% of the stock is owned by company insiders.
HealthStream Company Profile
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.
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