HealthStream, Inc. (HSTM) Expected to Announce Quarterly Sales of $63.04 Million

Brokerages expect HealthStream, Inc. (NASDAQ:HSTM) to announce $63.04 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for HealthStream’s earnings, with estimates ranging from $61.50 million to $64.57 million. HealthStream posted sales of $57.01 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.6%. The company is expected to issue its next earnings report on Monday, July 22nd.

On average, analysts expect that HealthStream will report full-year sales of $254.71 million for the current fiscal year, with estimates ranging from $254.40 million to $255.02 million. For the next fiscal year, analysts expect that the company will report sales of $256.27 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow HealthStream.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, April 22nd. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $65.20 million for the quarter, compared to the consensus estimate of $61.19 million. HealthStream had a net margin of 5.93% and a return on equity of 4.68%. The firm’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share.

A number of analysts recently commented on the stock. ValuEngine downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BidaskClub raised HealthStream from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Zacks Investment Research raised HealthStream from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, January 22nd. Barrington Research reaffirmed a “hold” rating on shares of HealthStream in a research note on Wednesday, April 24th. Finally, TheStreet raised HealthStream from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.20.

Several hedge funds have recently made changes to their positions in HSTM. BlackRock Inc. increased its holdings in HealthStream by 1.6% in the fourth quarter. BlackRock Inc. now owns 4,051,752 shares of the technology company’s stock worth $97,848,000 after purchasing an additional 63,320 shares in the last quarter. Vanguard Group Inc increased its holdings in HealthStream by 2.5% in the third quarter. Vanguard Group Inc now owns 2,589,076 shares of the technology company’s stock worth $80,288,000 after purchasing an additional 63,817 shares in the last quarter. Vanguard Group Inc. increased its holdings in HealthStream by 2.5% in the third quarter. Vanguard Group Inc. now owns 2,589,076 shares of the technology company’s stock worth $80,288,000 after purchasing an additional 63,817 shares in the last quarter. Pembroke Management LTD increased its holdings in HealthStream by 38.6% in the fourth quarter. Pembroke Management LTD now owns 927,428 shares of the technology company’s stock worth $22,397,000 after purchasing an additional 258,100 shares in the last quarter. Finally, Granite Investment Partners LLC increased its holdings 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 worth $12,698,000 after purchasing an additional 501,249 shares in the last quarter. 71.94% of the stock is currently owned by hedge funds and other institutional investors.

HSTM stock traded down $0.13 during trading on Thursday, reaching $26.26. 75,999 shares of the company were exchanged, compared to its average volume of 114,559. The company has a market cap of $854.73 million, a P/E ratio of 61.07, a P/E/G ratio of 6.56 and a beta of 0.69. HealthStream has a 52-week low of $23.06 and a 52-week high of $31.86.

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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