Analysts Anticipate HealthStream, Inc. (HSTM) Will Post Quarterly Sales of $60.41 Million

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Brokerages expect that HealthStream, Inc. (NASDAQ:HSTM) will report $60.41 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for HealthStream’s earnings, with the lowest sales estimate coming in at $59.90 million and the highest estimate coming in at $60.91 million. HealthStream reported sales of $54.86 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.1%. The business is expected to announce its next earnings report on Monday, April 29th.

According to Zacks, analysts expect that HealthStream will report full-year sales of $253.91 million for the current year, with estimates ranging from $252.80 million to $255.01 million. For the next financial year, analysts anticipate that the firm will report sales of $269.11 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover HealthStream.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Tuesday, February 19th. The technology company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.04. HealthStream had a return on equity of 4.39% and a net margin of 13.91%. The firm had revenue of $59.83 million for the quarter, compared to analysts’ expectations of $58.96 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year.

Several research analysts have commented on the company. BidaskClub raised HealthStream from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. ValuEngine raised HealthStream from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. TheStreet raised HealthStream from a “c+” rating to a “b-” rating in a research report on Wednesday, February 27th. Cantor Fitzgerald reissued a “hold” rating and issued a $26.00 price objective on shares of HealthStream in a research report on Tuesday, February 19th. Finally, Barrington Research reissued a “hold” rating on shares of HealthStream in a research report on Tuesday, February 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. HealthStream presently has a consensus rating of “Hold” and an average target price of $26.80.

NASDAQ:HSTM opened at $28.55 on Tuesday. HealthStream has a 12 month low of $23.06 and a 12 month high of $31.86. The stock has a market capitalization of $927.28 million, a price-to-earnings ratio of 66.40, a P/E/G ratio of 6.26 and a beta of 0.74.

A number of large investors have recently added to or reduced their stakes in HSTM. Granite Investment Partners LLC raised its position in HealthStream by 2,043.6% in the fourth quarter. Granite Investment Partners LLC now owns 525,777 shares of the technology company’s stock valued at $12,698,000 after purchasing an additional 501,249 shares during the period. Pembroke Management LTD raised its position in shares of HealthStream by 38.6% in the 4th quarter. Pembroke Management LTD now owns 927,428 shares of the technology company’s stock valued at $22,397,000 after buying an additional 258,100 shares in the last quarter. BlackRock Inc. raised its position in shares of HealthStream by 6.7% in the 3rd quarter. BlackRock Inc. now owns 3,988,432 shares of the technology company’s stock valued at $123,681,000 after buying an additional 248,872 shares in the last quarter. American Century Companies Inc. raised its position in shares of HealthStream by 202.1% in the 4th quarter. American Century Companies Inc. now owns 291,098 shares of the technology company’s stock valued at $7,030,000 after buying an additional 194,753 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of HealthStream by 78.1% in the 3rd quarter. AQR Capital Management LLC now owns 273,820 shares of the technology company’s stock valued at $8,491,000 after buying an additional 120,079 shares in the last quarter. 72.24% of the stock is currently owned by institutional investors.

About HealthStream

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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