HealthStream, Inc. (HSTM) Expected to Post Quarterly Sales of $60.41 Million

Equities research analysts expect HealthStream, Inc. (NASDAQ:HSTM) to report sales of $60.41 million for the current quarter, Zacks reports. Two analysts have made estimates for HealthStream’s earnings. The lowest sales estimate is $59.90 million and the highest is $60.91 million. HealthStream reported sales of $54.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.1%. The business is expected to issue its next earnings results 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 fiscal year, analysts forecast that the company will report sales of $269.11 million. Zacks’ sales averages are an average based on a survey of analysts that follow HealthStream.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Tuesday, February 19th. The technology company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. HealthStream had a net margin of 13.91% and a return on equity of 4.39%. The business had revenue of $59.83 million during the quarter, compared to analysts’ expectations of $58.96 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. HealthStream’s revenue was up 8.3% compared to the same quarter last year.

Several equities research analysts recently weighed in on HSTM shares. Barrington Research reaffirmed a “hold” rating on shares of HealthStream in a research report on Monday, January 14th. Zacks Investment Research raised shares of HealthStream from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, February 6th. Cantor Fitzgerald reissued a “hold” rating and issued a $26.00 target price on shares of HealthStream in a report on Tuesday, February 19th. BidaskClub raised shares of HealthStream from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, TheStreet raised shares of HealthStream from a “c+” rating to a “b-” rating in a report on Wednesday, February 27th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. HealthStream currently has a consensus rating of “Hold” and an average price target of $26.80.

HSTM opened at $27.85 on Friday. HealthStream has a twelve month low of $23.06 and a twelve month high of $31.86. The stock has a market cap of $919.45 million, a P/E ratio of 64.77, a PEG ratio of 6.22 and a beta of 0.74.

Several hedge funds have recently bought and sold shares of HSTM. Thrivent Financial for Lutherans raised its holdings in HealthStream by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,510 shares of the technology company’s stock valued at $447,000 after buying an additional 407 shares during the last quarter. Citigroup Inc. raised its holdings in HealthStream by 2.5% in the 4th quarter. Citigroup Inc. now owns 17,537 shares of the technology company’s stock valued at $424,000 after buying an additional 434 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in HealthStream by 8.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,713 shares of the technology company’s stock valued at $139,000 after buying an additional 449 shares during the last quarter. Texas Permanent School Fund raised its holdings in HealthStream by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 16,711 shares of the technology company’s stock valued at $404,000 after buying an additional 644 shares during the last quarter. Finally, OLD National Bancorp IN raised its holdings in HealthStream by 12.9% in the 4th quarter. OLD National Bancorp IN now owns 11,019 shares of the technology company’s stock valued at $266,000 after buying an additional 1,256 shares during the last quarter. 72.02% of the stock is owned by hedge funds and other 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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