Brokerages forecast that HealthStream, Inc. (NASDAQ:HSTM) will announce $61.98 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for HealthStream’s earnings. The highest sales estimate is $63.10 million and the lowest is $61.10 million. HealthStream reported sales of $58.74 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, February 20th.
On average, analysts expect that HealthStream will report full-year sales of $61.98 million for the current fiscal year, with estimates ranging from $246.00 million to $248.00 million. For the next financial year, analysts expect that the company will report sales of $260.15 million per share, with estimates ranging from $235.80 million to $271.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow HealthStream.
A number of analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating and issued a $26.00 target price on shares of HealthStream in a research report on Tuesday, October 24th. Canaccord Genuity reaffirmed a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research report on Monday, October 23rd. Robert W. Baird lowered their target price on HealthStream from $30.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 25th. ValuEngine raised HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, BidaskClub downgraded HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. HealthStream currently has an average rating of “Hold” and an average target price of $24.83.
A number of institutional investors have recently bought and sold shares of HSTM. Janus Henderson Group PLC bought a new position in HealthStream during the second quarter worth about $23,186,000. Conestoga Capital Advisors LLC grew its holdings in HealthStream by 17.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,755,050 shares of the technology company’s stock worth $40,647,000 after purchasing an additional 257,400 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in HealthStream during the third quarter worth about $5,643,000. ArrowMark Colorado Holdings LLC grew its holdings in HealthStream by 35.8% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 532,004 shares of the technology company’s stock worth $12,321,000 after purchasing an additional 140,295 shares during the period. Finally, BlackRock Inc. grew its holdings in HealthStream by 3.9% during the fourth quarter. BlackRock Inc. now owns 3,364,652 shares of the technology company’s stock worth $77,925,000 after purchasing an additional 127,152 shares during the period. Institutional investors and hedge funds own 73.99% of the company’s stock.
HealthStream (NASDAQ:HSTM) traded up $0.73 during trading hours on Wednesday, hitting $23.95. The company had a trading volume of 132,857 shares, compared to its average volume of 110,925. The firm has a market capitalization of $740.63, a P/E ratio of 133.06, a P/E/G ratio of 4.76 and a beta of 0.90. HealthStream has a twelve month low of $21.15 and a twelve month high of $31.53.
The firm also recently declared a special dividend, which will be paid on Tuesday, April 3rd. Investors of record on Tuesday, March 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, March 5th.
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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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