HealthStream (NASDAQ:HSTM) Posts Earnings Results, Beats Expectations By $0.07 EPS

HealthStream (NASDAQ:HSTM) issued its quarterly earnings data on Monday. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07, Briefing.com reports. HealthStream had a net margin of 5.45% and a return on equity of 4.71%. The business had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. During the same period last year, the business posted $0.12 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. HealthStream updated its FY 2024 guidance to EPS.

HealthStream Price Performance

Shares of HSTM opened at $24.11 on Tuesday. The firm has a 50-day moving average of $26.17 and a 200-day moving average of $25.85. HealthStream has a one year low of $20.47 and a one year high of $29.12. The company has a market cap of $732.94 million, a PE ratio of 48.22, a price-to-earnings-growth ratio of 4.06 and a beta of 0.36.

HealthStream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Friday, March 8th. This is an increase from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio (DPR) is 22.00%.

Insider Activity

In other news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the sale, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following the sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

Analysts Set New Price Targets

HSTM has been the topic of several recent research reports. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. StockNews.com upgraded shares of HealthStream from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 11th. Finally, Barclays initiated coverage on shares of HealthStream in a research report on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price objective for the company. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $32.00.

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.