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

Brokerages expect HealthStream, Inc. (NASDAQ:HSTM) to post sales of $60.41 million for the current quarter, Zacks reports. Two analysts have made estimates for HealthStream’s earnings, with the highest sales estimate coming in at $60.91 million and the lowest estimate coming in at $59.90 million. HealthStream reported sales of $54.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10.1%. The business is expected to announce its next quarterly earnings results after the market closes on Monday, April 22nd.

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

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

A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of HealthStream from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Cantor Fitzgerald reissued a “hold” rating and issued a $26.00 target price on shares of HealthStream in a report on Tuesday, February 19th. Zacks Investment Research lowered shares of HealthStream from a “buy” rating to a “hold” rating in a report on Friday, January 18th. TheStreet raised shares of HealthStream from a “c+” rating to a “b-” rating in a report on Wednesday, February 27th. Finally, ValuEngine raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.80.

Shares of HSTM stock traded up $0.16 on Tuesday, reaching $27.09. The company’s stock had a trading volume of 89,559 shares, compared to its average volume of 99,312. HealthStream has a 1 year low of $23.06 and a 1 year high of $31.86. The firm has a market cap of $877.39 million, a PE ratio of 63.00, a price-to-earnings-growth ratio of 5.92 and a beta of 0.74.

Hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in HealthStream by 174.5% during the first quarter. Meeder Asset Management Inc. now owns 1,175 shares of the technology company’s stock worth $32,000 after buying an additional 747 shares during the period. Tibra Equities Europe Ltd purchased a new position in HealthStream during the first quarter worth $836,000. Deutsche Bank AG boosted its stake in HealthStream by 34.3% during the fourth quarter. Deutsche Bank AG now owns 76,173 shares of the technology company’s stock worth $1,838,000 after buying an additional 19,465 shares during the period. Capital Impact Advisors LLC boosted its stake in HealthStream by 9.2% during the fourth quarter. Capital Impact Advisors LLC now owns 71,406 shares of the technology company’s stock worth $1,714,000 after buying an additional 6,041 shares during the period. Finally, American Century Companies Inc. boosted its stake in HealthStream by 202.1% during the fourth quarter. American Century Companies Inc. now owns 291,098 shares of the technology company’s stock worth $7,030,000 after buying an additional 194,753 shares during the period. 71.95% 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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