HealthStream, Inc. (NASDAQ:HSTM – Get Free Report) shares gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $21.94, but opened at $22.84. HealthStream shares last traded at $24.97, with a volume of 7,617 shares.
The technology company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $70.34 million during the quarter, compared to the consensus estimate of $70.62 million. HealthStream had a return on equity of 3.45% and a net margin of 4.70%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share.
Analysts Set New Price Targets
Several brokerages have issued reports on HSTM. William Blair restated an “outperform” rating on shares of HealthStream in a report on Tuesday, July 25th. StockNews.com upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a report on Tuesday.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Copeland Capital Management LLC acquired a new stake in shares of HealthStream in the second quarter valued at approximately $26,000. Point72 Middle East FZE acquired a new stake in shares of HealthStream in the second quarter valued at approximately $29,000. PNC Financial Services Group Inc. lifted its position in shares of HealthStream by 46.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,893 shares of the technology company’s stock valued at $46,000 after buying an additional 596 shares during the last quarter. Altshuler Shaham Ltd lifted its position in shares of HealthStream by 102.0% in the fourth quarter. Altshuler Shaham Ltd now owns 2,426 shares of the technology company’s stock valued at $60,000 after buying an additional 1,225 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of HealthStream by 405.7% in the third quarter. UBS Group AG now owns 3,110 shares of the technology company’s stock valued at $66,000 after buying an additional 2,495 shares during the last quarter. 70.42% of the stock is owned by institutional investors and hedge funds.
HealthStream Price Performance
The company has a market capitalization of $773.39 million, a price-to-earnings ratio of 60.00, a PEG ratio of 4.66 and a beta of 0.47. The stock has a 50-day moving average price of $21.67 and a 200-day moving average price of $23.23.
About HealthStream
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation, training, account management services.
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