HealthStream (HSTM) Releases Earnings Results, Misses Expectations By $-0.04 EPS

HealthStream (HSTM) reported quarterly earnings results on Monday, Jul-25-2016. The company reported $0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.08. The company posted revenue of $54.80 million in the period, compared to analysts expectations of $56.80 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on HealthStream. HealthStream was Initiated by Barrington Research to “Outperform” on Jun 29, 2016. Company shares were Reiterated by Needham on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .

HealthStream closed down -0.24 points or -0.91% at $26 with 2,77,116 shares getting traded on Wednesday. Post opening the session at $26.41, the shares hit an intraday low of $25.91 and an intraday high of $27.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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