HealthStream, Inc. (NASDAQ:HSTM) issued its quarterly earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04, Morningstar.com reports. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The company had revenue of $61.48 million during the quarter, compared to the consensus estimate of $61.36 million. During the same quarter in the prior year, the firm posted $0.04 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis.
Shares of HealthStream (NASDAQ HSTM) traded down 2.50% during trading on Friday, reaching $22.64. 210,455 shares of the company traded hands. The firm’s 50-day moving average is $24.17 and its 200-day moving average is $25.35. The stock has a market capitalization of $721.90 million, a PE ratio of 162.88 and a beta of 0.98. HealthStream has a 12-month low of $20.60 and a 12-month high of $31.53.
A number of analysts have recently weighed in on the stock. 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 report 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 reaffirmed a “neutral” rating and set a $24.00 price target (down previously from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. Robert W. Baird reaffirmed an “outperform” rating and set a $35.00 price target on shares of HealthStream in a report on Tuesday, June 27th. Finally, Needham & Company LLC increased their price objective on shares of HealthStream from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. HealthStream presently has an average rating of “Hold” and a consensus price target of $26.43.
Large investors have recently made changes to their positions in the stock. DF Dent & Co. Inc. bought a new stake in shares of HealthStream during the second quarter valued at about $423,000. The Manufacturers Life Insurance Company raised its stake in shares of HealthStream by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,433 shares of the technology company’s stock valued at $538,000 after buying an additional 158 shares during the last quarter. State Street Corp raised its stake in shares of HealthStream by 4.4% in the second quarter. State Street Corp now owns 616,851 shares of the technology company’s stock valued at $16,239,000 after buying an additional 25,912 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of HealthStream during the second quarter valued at about $23,186,000. Finally, Voya Investment Management LLC raised its stake in shares of HealthStream by 11.7% in the second quarter. Voya Investment Management LLC now owns 12,500 shares of the technology company’s stock valued at $329,000 after buying an additional 1,307 shares during the last quarter. Institutional investors and hedge funds own 76.73% of the company’s stock.
HealthStream Company Profile
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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