$61.98 Million in Sales Expected for HealthStream, Inc. (HSTM) This Quarter

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.

Shares of HealthStream (NASDAQ HSTM) opened at $22.42 on Wednesday. HealthStream has a 12-month low of $21.15 and a 12-month high of $31.53. The stock has a market cap of $716.39, a P/E ratio of 124.56, a P/E/G ratio of 4.74 and a beta of 0.90.

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.

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About HealthStream

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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