HealthStream, Inc. (HSTM) Expected to Announce Quarterly Sales of $62.37 Million

Wall Street brokerages expect that HealthStream, Inc. (NASDAQ:HSTM) will post sales of $62.37 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for HealthStream’s earnings. The highest sales estimate is $63.92 million and the lowest is $61.10 million. HealthStream posted sales of $58.74 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.2%. The business is expected to issue its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that HealthStream will report full year sales of $62.37 million for the current fiscal year, with estimates ranging from $246.00 million to $248.15 million. For the next financial year, analysts expect that the firm will report sales of $268.72 million per share, with estimates ranging from $263.56 million to $272.62 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for HealthStream.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $63.60 million during the quarter, compared to analyst estimates of $62.48 million. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 earnings per share.

Several research firms recently weighed in on HSTM. Needham & Company LLC restated a “hold” rating and issued a $26.00 price objective on shares of HealthStream in a report on Tuesday, October 24th. Canaccord Genuity restated a “hold” rating and issued a $25.00 price objective on shares of HealthStream in a report on Monday, October 23rd. Robert W. Baird decreased their price objective on HealthStream from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Wednesday, October 25th. ValuEngine upgraded HealthStream from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.83.

Shares of HealthStream (NASDAQ:HSTM) opened at $23.43 on Thursday. The firm has a market capitalization of $751.16, a PE ratio of 130.17, a P/E/G ratio of 4.99 and a beta of 0.91. HealthStream has a fifty-two week low of $20.60 and a fifty-two week high of $31.53.

Institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. bought a new position in HealthStream in the second quarter worth about $205,000. BNP Paribas Arbitrage SA raised its holdings in HealthStream by 53.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,131 shares of the technology company’s stock worth $214,000 after purchasing an additional 2,849 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in HealthStream by 59.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,570 shares of the technology company’s stock worth $224,000 after purchasing an additional 3,570 shares in the last quarter. GSA Capital Partners LLP bought a new position in HealthStream in the third quarter worth about $237,000. Finally, Virginia Retirement Systems ET AL bought a new position in HealthStream in the third quarter worth about $264,000. Institutional investors and hedge funds own 74.32% of the company’s stock.

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HealthStream Company Profile

HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.

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