Equities research analysts expect that HealthStream, Inc. (NASDAQ:HSTM) will announce $62.31 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for HealthStream’s earnings, with the lowest sales estimate coming in at $62.00 million and the highest estimate coming in at $62.62 million. HealthStream reported sales of $59.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The firm is expected to announce its next earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that HealthStream will report full-year sales of $253.72 million for the current financial year, with estimates ranging from $253.40 million to $254.04 million. For the next fiscal year, analysts anticipate that the firm will report sales of $253.36 million, with estimates ranging from $252.71 million to $254.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover HealthStream.
HealthStream (NASDAQ:HSTM) last posted its earnings results on Tuesday, October 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The business had revenue of $62.50 million during the quarter, compared to analyst estimates of $62.91 million. HealthStream had a return on equity of 4.14% and a net margin of 5.92%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share.
Several brokerages have issued reports on HSTM. ValuEngine downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. BidaskClub raised shares of HealthStream from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.00.
HealthStream stock traded up $0.05 during midday trading on Friday, hitting $28.72. 184,596 shares of the company were exchanged, compared to its average volume of 128,016. The company has a market cap of $943.18 million, a PE ratio of 66.79, a price-to-earnings-growth ratio of 5.78 and a beta of 0.67. HealthStream has a fifty-two week low of $23.06 and a fifty-two week high of $30.00. The company’s fifty day moving average price is $27.60 and its 200-day moving average price is $26.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 2.24.
In other news, Director Tate Deborah Taylor sold 6,495 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $27.96, for a total transaction of $181,600.20. Following the completion of the sale, the director now directly owns 16,181 shares in the company, valued at $452,420.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.40% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its stake in shares of HealthStream by 174.5% during the 3rd quarter. Millennium Management LLC now owns 123,550 shares of the technology company’s stock valued at $3,198,000 after buying an additional 78,540 shares during the last quarter. California State Teachers Retirement System raised its holdings in HealthStream by 1.6% in the third quarter. California State Teachers Retirement System now owns 40,596 shares of the technology company’s stock valued at $1,051,000 after acquiring an additional 639 shares in the last quarter. State Street Corp boosted its stake in HealthStream by 0.4% during the 3rd quarter. State Street Corp now owns 801,152 shares of the technology company’s stock valued at $20,742,000 after acquiring an additional 2,933 shares during the last quarter. Mackay Shields LLC grew its holdings in HealthStream by 98.7% during the 3rd quarter. Mackay Shields LLC now owns 97,626 shares of the technology company’s stock worth $2,527,000 after acquiring an additional 48,500 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in HealthStream by 30.0% during the 3rd quarter. California Public Employees Retirement System now owns 51,718 shares of the technology company’s stock worth $1,339,000 after acquiring an additional 11,944 shares in the last quarter. 72.34% of the stock is currently owned by institutional investors.
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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