HealthStream (NASDAQ:HSTM) Issues Quarterly Earnings Results

by · The Markets Daily

HealthStream (NASDAQ:HSTMGet Free Report) issued its earnings results on Monday. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06, FiscalAI reports. HealthStream had a return on equity of 6.47% and a net margin of 6.39%.The firm had revenue of $83.73 million for the quarter, compared to analyst estimates of $80.83 million.

HealthStream Price Performance

Shares of HealthStream stock traded up $0.29 on Monday, hitting $28.33. The company had a trading volume of 150,629 shares, compared to its average volume of 274,194. The business has a 50-day simple moving average of $26.80 and a 200-day simple moving average of $23.31. The company has a market cap of $827.80 million, a PE ratio of 42.28, a PEG ratio of 3.18 and a beta of 0.44. HealthStream has a 52 week low of $19.50 and a 52 week high of $30.00.

Wall Street Analyst Weigh In

HSTM has been the subject of a number of analyst reports. Weiss Ratings raised shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Canaccord Genuity Group raised their price target on shares of HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, HealthStream currently has an average rating of “Hold” and a consensus price target of $27.00.

Check Out Our Latest Analysis on HealthStream

Insider Buying and Selling

In related news, Director Linda Rebrovick sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the sale, the director owned 51,329 shares of the company’s stock, valued at $1,488,541. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $24.08, for a total value of $72,240.00. Following the completion of the sale, the executive vice president owned 20,982 shares of the company’s stock, valued at $505,246.56. This trade represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,000 shares of company stock worth $296,240 in the last quarter. Company insiders own 20.40% of the company’s stock.

Institutional Trading of HealthStream

A number of large investors have recently added to or reduced their stakes in HSTM. Aquatic Capital Management LLC bought a new position in shares of HealthStream in the third quarter valued at $40,000. Tower Research Capital LLC TRC boosted its stake in shares of HealthStream by 241.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock worth $67,000 after acquiring an additional 1,702 shares in the last quarter. State of Wyoming acquired a new position in shares of HealthStream in the 2nd quarter worth $106,000. Virtus Advisers LLC acquired a new position in shares of HealthStream in the 3rd quarter worth $142,000. Finally, BNP Paribas Financial Markets raised its position in shares of HealthStream by 101.7% during the third quarter. BNP Paribas Financial Markets now owns 5,241 shares of the technology company’s stock worth $148,000 after purchasing an additional 2,642 shares during the period. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

(Get Free Report)

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.

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