HealthStream (HSTM) Releases Earnings Results, Misses Expectations By $-0.02 EPS

HealthStream (HSTM) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.07. The company posted revenue of $54.10 million in the period, compared to analysts expectations of $54.03 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on HealthStream. FBR Capital Initiated HealthStream on Mar 29, 2016 to “Outperform”, Price Target of the shares are set at $27.Needham Upgraded HealthStream on Feb 17, 2016 to ” Buy”, Price Target of the shares are set at $26.

HealthStream opened for trading at $22.22 and hit $23.26 on the upside on Friday, eventually ending the session at $23.21, with a gain of 4.13% or 0.92 points. The heightened volatility saw the trading volume jump to 1,45,896 shares. Company has a market cap of $735 M.

In a different news, on Feb 23, 2016, Michael Sousa (Senior Vice President) sold 10,000 shares at $21.35 per share price. According to the SEC, on Feb 22, 2016, Jeffrey L Mclaren (director) sold 10,000 shares at $21.22 per share price. On Mar 13, 2015, Thompson Dent (director) sold 13,700 shares at $25.68 per share price, according to the Form-4 filing with the securities and exchange commission.

HealthStream Inc. (HealthStream) provides software as a service (SaaS)-based workforce development solutions and research/patient experience solutions for healthcare organizations designed to assess and develop the people that deliver patient care. HealthStream’s products and services are organized into two segments: HealthStream Workforce Development Solutions and HealthStream Research/Patient Experience Solutions. The Company also offers credentialing privileging quality management and contact center optimization solutions for healthcare organizations. The Company delivers educational activities and training courseware to its customers through its platform application the HealthStream Learning Center (HLC) while delivering competency management and performance appraisal tools through its platform applications the HealthStream Competency Center (HCC) and HealthStream Performance Center (HPC) respectively all on the SaaS-based platform.


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