HealthStream (NASDAQ:HSTM) Shares Up 5.6% on Strong Earnings

Shares of HealthStream, Inc. (NASDAQ:HSTM) shot up 5.6% on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $28.16 and last traded at $27.82, 255,185 shares traded hands during mid-day trading. An increase of 103% from the average session volume of 125,864 shares. The stock had previously closed at $26.35.

The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. HealthStream had a return on equity of 4.22% and a net margin of 5.71%. The firm had revenue of $62.50 million during the quarter, compared to analysts’ expectations of $62.91 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The company’s revenue was up 4.3% on a year-over-year basis.

A number of analysts recently commented on the company. Barrington Research reiterated a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. ValuEngine upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Zacks Investment Research cut HealthStream from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, BidaskClub cut HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.

In related news, Director Jeffrey L. Mclaren sold 5,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $28.58, for a total transaction of $142,900.00. Following the completion of the sale, the director now owns 14,193 shares in the company, valued at $405,635.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in HealthStream during the second quarter valued at about $44,000. Trustcore Financial Services LLC bought a new stake in HealthStream during the second quarter valued at about $78,000. Resources Investment Advisors LLC. grew its holdings in HealthStream by 13.0% during the second quarter. Resources Investment Advisors LLC. now owns 3,900 shares of the technology company’s stock valued at $101,000 after purchasing an additional 450 shares during the period. Aperio Group LLC bought a new position in shares of HealthStream in the second quarter worth about $141,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of HealthStream by 412.9% in the second quarter. Meeder Asset Management Inc. now owns 6,026 shares of the technology company’s stock worth $156,000 after acquiring an additional 4,851 shares during the period. Institutional investors own 72.72% of the company’s stock.

The stock has a market cap of $862.98 million, a P/E ratio of 64.70, a price-to-earnings-growth ratio of 5.70 and a beta of 0.69. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $26.11 and a two-hundred day moving average price of $26.46.

About HealthStream (NASDAQ:HSTM)

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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