HealthStream, Inc. (NASDAQ:HSTM) – Analysts at Barrington Research upped their FY2017 earnings per share estimates for shares of HealthStream in a note issued to investors on Wednesday, according to Zacks Investment Research. Barrington Research analyst V. Colicchio now anticipates that the technology company will post earnings per share of $0.25 for the year, up from their prior estimate of $0.24. Barrington Research also issued estimates for HealthStream’s Q4 2017 earnings at $0.03 EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.09 EPS and Q4 2018 earnings at $0.09 EPS.
HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $63.60 million during the quarter, compared to analyst estimates of $62.48 million. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. HealthStream’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.04 EPS. COPYRIGHT VIOLATION NOTICE: “Barrington Research Equities Analysts Boost Earnings Estimates for HealthStream, Inc. (HSTM)” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/11/healthstream-inc-hstm-to-post-fy2017-earnings-of-0-25-per-share-barrington-research-forecasts.html.
HSTM has been the subject of a number of other reports. First Analysis raised shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target for the company in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $24.00 target price (down from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. Needham & Company LLC downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $25.00 target price on shares of HealthStream in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. HealthStream has a consensus rating of “Hold” and a consensus target price of $24.83.
Shares of HealthStream (NASDAQ HSTM) traded down $0.01 during trading hours on Thursday, hitting $23.21. 74,600 shares of the stock were exchanged, compared to its average volume of 148,858. The firm has a market cap of $740.63, a price-to-earnings ratio of 105.54, a P/E/G ratio of 6.23 and a beta of 0.93. HealthStream has a 12 month low of $20.60 and a 12 month high of $31.53.
Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in shares of HealthStream by 79.4% during the second quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock valued at $132,000 after acquiring an additional 2,230 shares during the period. Mason Street Advisors LLC raised its holdings in shares of HealthStream by 7.1% during the first quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock valued at $144,000 after acquiring an additional 395 shares during the period. Bank of Montreal Can raised its holdings in shares of HealthStream by 1.1% during the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock valued at $151,000 after acquiring an additional 65 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of HealthStream by 5.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock valued at $158,000 after acquiring an additional 290 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of HealthStream during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 77.01% 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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