Equities research analysts expect HealthStream, Inc. (NASDAQ:HSTM) to report sales of $62.20 million for the current quarter, Zacks reports. Two analysts have issued estimates for HealthStream’s earnings, with the highest sales estimate coming in at $62.69 million and the lowest estimate coming in at $61.70 million. HealthStream posted sales of $59.93 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The business is scheduled to issue its next quarterly earnings results on Monday, October 28th.

According to Zacks, analysts expect that HealthStream will report full year sales of $253.89 million for the current financial year, with estimates ranging from $253.20 million to $254.57 million. For the next year, analysts anticipate that the business will post sales of $253.69 million, with estimates ranging from $253.37 million to $254.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for HealthStream.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, July 22nd. The technology company reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. HealthStream had a net margin of 5.71% and a return on equity of 4.22%. The firm had revenue of $63.78 million during the quarter, compared to analyst estimates of $63.12 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue was up 11.9% compared to the same quarter last year.

Several research firms have recently issued reports on HSTM. Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, July 25th. BidaskClub upgraded shares of HealthStream from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 10th. Barrington Research reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, July 25th. Finally, ValuEngine upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. HealthStream currently has an average rating of “Buy” and a consensus price target of $28.00.

Shares of NASDAQ HSTM traded up $0.03 during trading on Thursday, hitting $27.99. The stock had a trading volume of 161,400 shares, compared to its average volume of 114,385. HealthStream has a 12 month low of $23.06 and a 12 month high of $31.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 2.18. The company has a market capitalization of $921.67 million, a PE ratio of 65.09, a PEG ratio of 6.20 and a beta of 0.68. The firm has a fifty day moving average of $27.06 and a two-hundred day moving average of $26.69.

In related news, Director Jeffrey L. Mclaren sold 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $28.58, for a total value of $142,900.00. Following the transaction, the director now directly owns 14,193 shares of the company’s stock, valued at approximately $405,635.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 20.40% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in shares of HealthStream by 26.9% in the 4th quarter. Millennium Management LLC now owns 10,750 shares of the technology company’s stock worth $260,000 after buying an additional 2,282 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of HealthStream by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 215,641 shares of the technology company’s stock worth $5,208,000 after buying an additional 2,836 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in shares of HealthStream by 18.5% in the 1st quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock worth $17,483,000 after buying an additional 97,269 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of HealthStream by 13.4% in the 4th quarter. Northern Trust Corp now owns 509,990 shares of the technology company’s stock worth $12,316,000 after buying an additional 60,099 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of HealthStream by 917.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,971 shares of the technology company’s stock worth $168,000 after buying an additional 5,384 shares during the last quarter. 70.61% of the stock is currently owned by institutional investors.

HealthStream Company Profile

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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Earnings History and Estimates for HealthStream (NASDAQ:HSTM)

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