HealthStream, Inc. Expected to Post Q3 2017 Earnings of $0.05 Per Share (HSTM)
HealthStream, Inc. (NASDAQ:HSTM) – Barrington Research lowered their Q3 2017 earnings per share estimates for shares of HealthStream in a research report issued on Wednesday. Barrington Research analyst V. Colicchio now forecasts that the technology company will earn $0.05 per share for the quarter, down from their prior estimate of $0.06. Barrington Research also issued estimates for HealthStream’s Q4 2017 earnings at $0.06 EPS.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The business had revenue of $61.48 million during the quarter, compared to analyst estimates of $61.36 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year.
A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity reissued a “hold” rating and issued a $25.00 target price on shares of HealthStream in a report on Thursday. Zacks Investment Research cut HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $24.00 target price (down from $28.00) on shares of HealthStream in a report on Wednesday. Needham & Company LLC dropped their target price on HealthStream from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday. Finally, First Analysis raised HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 target price for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. HealthStream has an average rating of “Hold” and an average target price of $26.43.
HealthStream (NASDAQ HSTM) opened at 23.04 on Thursday. The company’s 50-day moving average price is $26.76 and its 200-day moving average price is $25.37. The firm has a market cap of $734.56 million, a price-to-earnings ratio of 209.45 and a beta of 1.00. HealthStream has a 52-week low of $20.60 and a 52-week high of $31.53.
A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in HealthStream by 4.8% in the first quarter. Vanguard Group Inc. now owns 2,235,738 shares of the technology company’s stock worth $54,172,000 after buying an additional 102,888 shares during the period. Conestoga Capital Advisors LLC raised its stake in HealthStream by 6.2% in the first quarter. Conestoga Capital Advisors LLC now owns 1,448,317 shares of the technology company’s stock worth $35,093,000 after buying an additional 84,308 shares during the period. Pembroke Management LTD raised its stake in HealthStream by 13.0% in the second quarter. Pembroke Management LTD now owns 1,267,128 shares of the technology company’s stock worth $33,350,000 after buying an additional 146,100 shares during the period. Dimensional Fund Advisors LP raised its stake in HealthStream by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,165,088 shares of the technology company’s stock worth $28,230,000 after buying an additional 17,739 shares during the period. Finally, Janus Capital Management LLC raised its stake in HealthStream by 153.8% in the first quarter. Janus Capital Management LLC now owns 886,282 shares of the technology company’s stock worth $21,475,000 after buying an additional 537,116 shares during the period. Institutional investors and hedge funds own 76.99% of the company’s stock.
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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