HealthStream, Inc. (HSTM) Releases Earnings Results, Beats Expectations By $0.03 EPS
HealthStream, Inc. (NASDAQ:HSTM) announced its earnings results on Monday. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03, Bloomberg Earnings reports. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The firm had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $62.48 million. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis.
HealthStream (NASDAQ:HSTM) traded down 0.16% during midday trading on Tuesday, reaching $24.40. 220,721 shares of the company traded hands. The stock has a market capitalization of $778.02 million, a P/E ratio of 175.54 and a beta of 0.98. The firm has a 50-day moving average of $23.67 and a 200-day moving average of $25.48. HealthStream has a 1-year low of $20.60 and a 1-year high of $31.53.
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A number of equities analysts recently issued reports on the stock. Canaccord Genuity reiterated a “hold” rating and issued a $25.00 price target on shares of HealthStream in a research note on Monday. Zacks Investment Research cut shares of HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target on the stock in a research note on Wednesday, July 26th. Needham & Company LLC dropped their price target on shares of HealthStream from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, July 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $24.00 price target (down previously from $28.00) on shares of HealthStream in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.17.
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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