HealthStream (NASDAQ:HSTM) Issues Earnings Results

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HealthStream (NASDAQ:HSTM) posted its quarterly earnings data on Monday. The technology company reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07, Briefing.com reports. HealthStream had a return on equity of 4.68% and a net margin of 5.93%. The firm had revenue of $63.78 million for the quarter, compared to analyst estimates of $63.12 million. During the same quarter last year, the company earned $0.11 EPS. The company’s revenue was up 11.9% on a year-over-year basis. HealthStream updated its FY 2019 guidance to EPS.

Shares of HSTM stock opened at $26.67 on Tuesday. The firm has a fifty day simple moving average of $25.84. The firm has a market cap of $864.77 million, a P/E ratio of 62.02, a PEG ratio of 6.64 and a beta of 0.67. HealthStream has a fifty-two week low of $23.06 and a fifty-two week high of $31.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.02 and a current ratio of 2.02.

In other HealthStream news, Director Linda Rebrovick sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $25.90, for a total value of $388,500.00. Following the sale, the director now owns 52,726 shares of the company’s stock, valued at approximately $1,365,603.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 20.40% of the company’s stock.

Several hedge funds have recently modified their holdings of HSTM. PNC Financial Services Group Inc. grew its position in HealthStream by 8.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,713 shares of the technology company’s stock valued at $139,000 after acquiring an additional 449 shares in the last quarter. New York State Common Retirement Fund grew its position in HealthStream by 130.5% in the fourth quarter. New York State Common Retirement Fund now owns 66,151 shares of the technology company’s stock valued at $1,598,000 after acquiring an additional 37,451 shares in the last quarter. BlackRock Inc. grew its position in HealthStream by 1.6% in the fourth quarter. BlackRock Inc. now owns 4,051,752 shares of the technology company’s stock valued at $97,848,000 after acquiring an additional 63,320 shares in the last quarter. Bank of New York Mellon Corp grew its position in HealthStream by 12.9% in the fourth quarter. Bank of New York Mellon Corp now owns 341,411 shares of the technology company’s stock valued at $8,246,000 after acquiring an additional 39,005 shares in the last quarter. Finally, Texas Permanent School Fund grew its position in HealthStream by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 16,711 shares of the technology company’s stock valued at $404,000 after acquiring an additional 644 shares in the last quarter. 71.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the company. BidaskClub raised Zai Lab from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Barrington Research reaffirmed a “buy” rating and issued a $8.00 target price on shares of Sirius XM in a report on Wednesday, April 24th. Finally, ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $27.33.

HealthStream Company Profile

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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Earnings History for HealthStream (NASDAQ:HSTM)

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