Wall Street analysts expect HealthStream, Inc. (NASDAQ:HSTM) to report earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for HealthStream’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. HealthStream reported earnings of $0.04 per share in the same quarter last year, which suggests a positive year over year growth rate of 25%. The business is expected to issue its next quarterly earnings report on Tuesday, February 19th.
According to Zacks, analysts expect that HealthStream will report full-year earnings of $0.38 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $0.39 per share, with EPS estimates ranging from $0.28 to $0.46. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for HealthStream.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, October 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $59.93 million for the quarter, compared to analyst estimates of $58.22 million. HealthStream had a return on equity of 4.00% and a net margin of 14.23%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 earnings per share.
A number of equities analysts recently issued reports on HSTM shares. Cantor Fitzgerald reissued a “hold” rating and set a $25.00 price target on shares of HealthStream in a report on Monday, July 23rd. Barrington Research reissued a “hold” rating on shares of HealthStream in a report on Wednesday, July 25th. ValuEngine lowered HealthStream from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. TheStreet raised HealthStream from a “c+” rating to a “b-” rating in a report on Thursday, August 9th. Finally, BidaskClub raised HealthStream from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.40.
A number of large investors have recently made changes to their positions in HSTM. BlackRock Inc. lifted its position in HealthStream by 10.1% in the second quarter. BlackRock Inc. now owns 3,739,560 shares of the technology company’s stock valued at $102,128,000 after purchasing an additional 343,896 shares during the period. Renaissance Technologies LLC lifted its position in HealthStream by 379.2% in the second quarter. Renaissance Technologies LLC now owns 306,200 shares of the technology company’s stock valued at $8,362,000 after purchasing an additional 242,300 shares during the period. Conestoga Capital Advisors LLC lifted its position in HealthStream by 14.2% in the third quarter. Conestoga Capital Advisors LLC now owns 1,773,237 shares of the technology company’s stock valued at $54,988,000 after purchasing an additional 220,863 shares during the period. Millennium Management LLC lifted its position in HealthStream by 73.4% in the first quarter. Millennium Management LLC now owns 266,835 shares of the technology company’s stock valued at $6,626,000 after purchasing an additional 112,983 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of HealthStream by 847.5% during the 2nd quarter. Acadian Asset Management LLC now owns 115,779 shares of the technology company’s stock valued at $3,163,000 after acquiring an additional 103,560 shares during the period. Hedge funds and other institutional investors own 72.62% of the company’s stock.
Shares of HSTM stock opened at $25.84 on Friday. The stock has a market cap of $849.19 million, a price-to-earnings ratio of 95.70, a PEG ratio of 4.07 and a beta of 0.84. HealthStream has a 1 year low of $21.15 and a 1 year high of $31.86.
HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.
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