$62.63 Million in Sales Expected for HealthStream, Inc. (HSTM) This Quarter
Brokerages predict that HealthStream, Inc. (NASDAQ:HSTM) will post $62.63 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for HealthStream’s earnings. The lowest sales estimate is $62.28 million and the highest is $62.90 million. HealthStream reported sales of $58.37 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The business is expected to issue its next earnings report on Wednesday, November 1st.
On average, analysts expect that HealthStream will report full year sales of $62.63 million for the current year, with estimates ranging from $246.23 million to $248.15 million. For the next fiscal year, analysts anticipate that the company will post sales of $270.95 million per share, with estimates ranging from $269.74 million to $272.62 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow HealthStream.
HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, July 24th. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The business had revenue of $61.48 million during the quarter, compared to analysts’ expectations of $61.36 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis.
Several research firms recently issued reports on HSTM. Needham & Company LLC reduced their price target on shares of HealthStream from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, July 26th. Canaccord Genuity reissued a “hold” rating and issued a $25.00 price target on shares of HealthStream in a research report on Thursday, July 27th. Robert W. Baird reissued a “buy” rating and issued a $30.00 price target on shares of HealthStream in a research report on Thursday, August 31st. First Analysis raised shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target for the company in a research report on Wednesday, July 26th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $24.00 price target (down previously from $28.00) on shares of HealthStream in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. HealthStream presently has an average rating of “Hold” and a consensus price target of $25.17.
Institutional investors and hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC boosted its holdings in HealthStream by 0.3% during the 1st quarter. Teachers Advisors LLC now owns 333,482 shares of the technology company’s stock worth $8,080,000 after acquiring an additional 1,052 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of HealthStream by 2.6% in the 2nd quarter. Blair William & Co. IL now owns 71,050 shares of the technology company’s stock worth $1,870,000 after buying an additional 1,795 shares during the last quarter. Comerica Bank boosted its holdings in shares of HealthStream by 3.9% in the 1st quarter. Comerica Bank now owns 28,062 shares of the technology company’s stock worth $812,000 after buying an additional 1,049 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of HealthStream by 5.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,018 shares of the technology company’s stock worth $2,594,000 after buying an additional 5,277 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of HealthStream by 27.2% in the 1st quarter. Bank of America Corp DE now owns 234,618 shares of the technology company’s stock worth $5,685,000 after buying an additional 50,163 shares during the last quarter. 75.87% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of HealthStream (NASDAQ HSTM) traded up 0.020% on Thursday, reaching $24.505. 7,212 shares of the company traded hands. HealthStream has a one year low of $20.60 and a one year high of $31.53. The company has a market capitalization of $781.37 million, a PE ratio of 176.295 and a beta of 0.98. The firm has a 50-day moving average price of $23.50 and a 200 day moving average price of $25.46.
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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