HealthStream (NASDAQ:HSTM – Get Free Report) released its quarterly earnings data on Monday. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07, Briefing.com reports. The firm had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. HealthStream had a return on equity of 5.22% and a net margin of 6.30%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. HealthStream updated its FY 2024 guidance to EPS.
HealthStream Price Performance
HealthStream stock opened at $26.41 on Wednesday. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The business has a 50 day simple moving average of $26.17 and a 200-day simple moving average of $25.85. The stock has a market capitalization of $802.86 million, a PE ratio of 45.54, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36.
HealthStream Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, March 8th. This is a boost from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio is 18.97%.
Insider Transactions at HealthStream
Analyst Ratings Changes
A number of analysts have issued reports on HSTM shares. StockNews.com raised HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. William Blair reissued an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Finally, Barclays began coverage on HealthStream in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $32.00.
View Our Latest Analysis on HSTM
HealthStream Company Profile
HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.
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