HealthStream, Inc. (NASDAQ:HSTM) rose 5.6% during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $28.16 and last traded at $27.82, approximately 255,185 shares were traded during trading. An increase of 103% from the average daily volume of 125,864 shares. The stock had previously closed at $26.35.
The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. HealthStream had a return on equity of 4.22% and a net margin of 5.71%. The business had revenue of $62.50 million for the quarter, compared to the consensus estimate of $62.91 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.
HSTM has been the topic of a number of recent research reports. BidaskClub downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. ValuEngine upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Barrington Research reiterated a “market perform” rating on shares of HealthStream in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.00.
In other news, Director Jeffrey L. Mclaren sold 5,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the sale, the director now directly owns 14,193 shares in the company, valued at $405,635.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 20.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new position in HealthStream in the second quarter worth approximately $44,000. Trustcore Financial Services LLC bought a new position in HealthStream in the second quarter worth approximately $78,000. Resources Investment Advisors LLC. grew its stake in HealthStream by 13.0% in the second quarter. Resources Investment Advisors LLC. now owns 3,900 shares of the technology company’s stock worth $101,000 after purchasing an additional 450 shares in the last quarter. Aperio Group LLC bought a new position in HealthStream in the second quarter worth approximately $141,000. Finally, Meeder Asset Management Inc. grew its stake in HealthStream by 412.9% in the second quarter. Meeder Asset Management Inc. now owns 6,026 shares of the technology company’s stock worth $156,000 after purchasing an additional 4,851 shares in the last quarter. Hedge funds and other institutional investors own 72.72% of the company’s stock.
The company has a market cap of $862.98 million, a P/E ratio of 64.70, a PEG ratio of 5.70 and a beta of 0.69. The firm has a 50 day moving average of $26.11 and a 200-day moving average of $26.46. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.
About HealthStream (NASDAQ:HSTM)
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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