HealthStream (NASDAQ:HSTM) Issues Quarterly Earnings Results

HealthStream (NASDAQ:HSTM) posted its earnings results on Monday. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03, Zacks reports. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. The firm had revenue of $76.47 million during the quarter, compared to the consensus estimate of $75.52 million. HealthStream updated its FY 2025 guidance to EPS.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $26.03 on Wednesday. The company has a 50-day simple moving average of $27.45 and a 200-day simple moving average of $27.77. HealthStream has a 12 month low of $24.07 and a 12 month high of $34.24. The company has a market cap of $771.56 million, a PE ratio of 38.85, a price-to-earnings-growth ratio of 3.08 and a beta of 0.43.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.031 per share. The ex-dividend date is Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream’s payout ratio is 17.65%.

Insider Activity

In related news, EVP Kevin P. O’hara sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total value of $55,940.00. Following the sale, the executive vice president directly owned 17,137 shares of the company’s stock, valued at approximately $479,321.89. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On HealthStream

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its position in shares of HealthStream by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock worth $259,000 after acquiring an additional 586 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of HealthStream in the second quarter worth approximately $387,000. Russell Investments Group Ltd. boosted its position in shares of HealthStream by 51.3% in the second quarter. Russell Investments Group Ltd. now owns 29,313 shares of the technology company’s stock worth $810,000 after acquiring an additional 9,945 shares during the last quarter. Jane Street Group LLC boosted its position in shares of HealthStream by 1.9% in the second quarter. Jane Street Group LLC now owns 48,533 shares of the technology company’s stock worth $1,343,000 after acquiring an additional 922 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of HealthStream by 194.2% in the first quarter. Royal Bank of Canada now owns 43,899 shares of the technology company’s stock worth $1,413,000 after acquiring an additional 28,977 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HealthStream in a research note on Wednesday, October 8th. Canaccord Genuity Group lowered their price target on shares of HealthStream from $29.00 to $28.00 and set a “hold” rating for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, HealthStream has an average rating of “Hold” and a consensus price target of $28.00.

About HealthStream

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.