Wall Street analysts expect HealthStream, Inc. (NASDAQ:HSTM) to report sales of $61.98 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for HealthStream’s earnings. The highest sales estimate is $63.10 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 5.5%. The firm is expected to announce its next earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that HealthStream will report full year sales of $61.98 million for the current year, with estimates ranging from $246.00 million to $248.00 million. For the next financial year, analysts forecast that the business will report sales of $267.75 million per share, with estimates ranging from $263.56 million to $271.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover HealthStream.
Several equities research analysts recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of HealthStream in a research report on Tuesday. Cantor Fitzgerald reissued a “hold” rating and issued a $24.00 target price on shares of HealthStream in a research report on Monday. Zacks Investment Research cut shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Needham & Company LLC reissued a “hold” rating and issued a $26.00 target price on shares of HealthStream in a research report on Tuesday, October 24th. Finally, BidaskClub cut shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.83.
Hedge funds have recently made changes to their positions in the business. Stevens Capital Management LP acquired a new position in HealthStream during the third quarter valued at approximately $367,000. BNP Paribas Arbitrage SA lifted its position in HealthStream by 65.6% during the third quarter. BNP Paribas Arbitrage SA now owns 13,466 shares of the technology company’s stock valued at $315,000 after buying an additional 5,335 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in HealthStream during the third quarter valued at approximately $448,000. Wells Fargo & Company MN lifted its position in HealthStream by 48.6% during the third quarter. Wells Fargo & Company MN now owns 32,362 shares of the technology company’s stock valued at $756,000 after buying an additional 10,581 shares in the last quarter. Finally, Algert Global LLC acquired a new position in HealthStream during the third quarter valued at approximately $1,948,000. 73.99% of the stock is currently owned by hedge funds and other institutional investors.
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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