HealthStream, Inc. Forecasted to Earn Q2 2018 Earnings of $0.06 Per Share (NASDAQ:HSTM)
HealthStream, Inc. (NASDAQ:HSTM) – Investment analysts at First Analysis issued their Q2 2018 earnings per share estimates for shares of HealthStream in a research note issued to investors on Wednesday. First Analysis analyst F. Sparacino forecasts that the technology company will post earnings of $0.06 per share for the quarter. First Analysis currently has a “Equal Weight” rating and a $19.00 target price on the stock.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $61.48 million for the quarter, compared to analyst estimates of $61.36 million. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. WARNING: “HealthStream, Inc. Forecasted to Earn Q2 2018 Earnings of $0.06 Per Share (NASDAQ:HSTM)” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/27/healthstream-inc-forecasted-to-earn-q2-2018-earnings-of-0-06-per-share-nasdaqhstm.html.
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded HealthStream from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, June 27th. Needham & Company LLC dropped their price objective on HealthStream from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday. Craig Hallum upgraded HealthStream from a “hold” rating to a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird set a $31.00 price objective on HealthStream and gave the company a “buy” rating in a research note on Tuesday, April 25th. Finally, Canaccord Genuity restated a “hold” rating and issued a $25.00 price objective on shares of HealthStream in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.43.
Shares of HealthStream (HSTM) traded up 0.39% on Thursday, hitting $22.99. The stock had a trading volume of 100,184 shares. The firm’s 50 day moving average is $26.93 and its 200-day moving average is $25.39. HealthStream has a one year low of $20.60 and a one year high of $31.53. The stock has a market capitalization of $732.97 million, a PE ratio of 209.00 and a beta of 1.00.
A number of large investors have recently modified their holdings of HSTM. State of Alaska Department of Revenue increased its stake in shares of HealthStream by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock worth $132,000 after buying an additional 2,230 shares in the last quarter. Bank of Montreal Can increased its stake in shares of HealthStream by 1.1% in the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock worth $151,000 after buying an additional 65 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of HealthStream by 7.1% in the first quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock worth $144,000 after buying an additional 395 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of HealthStream by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock worth $158,000 after buying an additional 290 shares in the last quarter. Finally, Wrapmanager Inc. acquired a new stake in shares of HealthStream during the first quarter worth $203,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.
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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