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HealthStream, Inc.NasdaqGS:HSTM Stock Report

Market Cap US$695.6m
Share Price
US$24.37
US$30.5
20.1% undervalued intrinsic discount
1Y-12.7%
7D-0.2%
1D
Portfolio Value
View

HealthStream, Inc.

NasdaqGS:HSTM Stock Report

Market Cap: US$695.6m

HealthStream (HSTM) Stock Overview

Provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. More details

HSTM fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health5/6
Dividends0/6

HSTM Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

HealthStream, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for HealthStream
Historical stock prices
Current Share PriceUS$24.37
52 Week HighUS$29.63
52 Week LowUS$19.50
Beta0.41
1 Month Change14.36%
3 Month Change12.46%
1 Year Change-12.65%
3 Year Change6.84%
5 Year Change-8.11%
Change since IPO186.71%

Recent News & Updates

Narrative Update Apr 22

HSTM: AI Disruption Risks And Capital Returns Will Drive Future Share Performance

Narrative Update on HealthStream Analysts have reset their price target on HealthStream to $21 from $25, citing respectable 4Q'25 results and management's detailed response to AI-related risks. They view this as leaving the company relatively better positioned than many other SaaS peers.

Recent updates

Narrative Update Apr 22

HSTM: AI Disruption Risks And Capital Returns Will Drive Future Share Performance

Narrative Update on HealthStream Analysts have reset their price target on HealthStream to $21 from $25, citing respectable 4Q'25 results and management's detailed response to AI-related risks. They view this as leaving the company relatively better positioned than many other SaaS peers.
Narrative Update Apr 08

HSTM: AI Risk Positioning And Capital Returns Will Support Upside Potential

Analysts have reduced the fair value estimate for HealthStream from $34.00 to $30.50, citing a lower forward P/E assumption and an increased discount rate, while also referencing recent Street research that trimmed the price target to $21 and highlighted both respectable 4Q'25 results and management's case that the company is relatively well positioned against AI-related risks in SaaS. Analyst Commentary Recent Street commentary on HealthStream focuses on how the company is handling AI related risks in SaaS and what that could mean for valuation and execution.
Narrative Update Mar 25

HSTM: AI Disruption Risks And Capital Returns Will Shape Future Outlook

Analysts have reset their price target on HealthStream to $21, down from $25, after incorporating fresh views on AI-related risks and management's argument that the company is relatively well positioned compared with other SaaS names. Analyst Commentary Bearish analysts have trimmed expectations on HealthStream by cutting the price target to $21 from $25, while maintaining a neutral stance on the shares.
Narrative Update Mar 10

HSTM: AI Risks, Capital Returns And Fair Value Will Shape Outlook

Analysts have reduced their price target on HealthStream to $21 from $25, citing a recalibration of fair value, discount rate and future P/E assumptions, while also highlighting management's view that the business model remains relatively well positioned against rising AI related concerns for SaaS names. Analyst Commentary Bearish analysts are signaling a more cautious stance on HealthStream after the latest quarterly update.
Narrative Update Feb 24

HSTM: Dividend Hike And Buyback Will Support Future Upside Potential

Analysts have kept their $25.00 price target for HealthStream unchanged, citing only slight tweaks to assumptions around the discount rate, revenue growth, profit margin, and future P/E that together do not materially shift their overall view on the stock. What's in the News The board approved a quarterly cash dividend of US$0.035 per share, a 12.9% increase from the prior US$0.031, payable on March 20, 2026, to shareholders of record on March 9, 2026 (company announcement).
Narrative Update Feb 10

HSTM: Fine Tuned Assumptions Will Support Future Upside Potential

Analysts kept their fair value estimate for HealthStream at $25.00, with modest tweaks to inputs such as discount rate, revenue growth, profit margin, and future P/E assumptions. This underpins the unchanged price target and reflects only fine tuning in their models rather than a shift in overall view.
Analysis Article Feb 07

HealthStream, Inc. (NASDAQ:HSTM) Investors Are Less Pessimistic Than Expected

HealthStream, Inc.'s ( NASDAQ:HSTM ) price-to-earnings (or "P/E") ratio of 28.8x might make it look like a sell right...
Narrative Update Jan 27

HSTM: Share Repurchases And Acquisition Efforts Will Drive Future Upside

Analysts now place their fair value estimate for HealthStream at US$25.00. The updated target reflects small tweaks to discount rate, revenue growth, profit margin, and future P/E assumptions in their models.
Narrative Update Jan 12

HSTM: Share Buybacks And M&A Activity Will Support Future Upside

Analysts have trimmed their fair value estimate for HealthStream from US$28 to about US$25. They cite updated assumptions on discount rates, revenue growth, profit margins, and a lower future P/E multiple in their refreshed models.
Analysis Article Nov 06

Earnings Beat: HealthStream, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for HealthStream, Inc. ( NASDAQ:HSTM ) shareholders, because the company has just released its...
Analysis Article Oct 30

A Look At The Intrinsic Value Of HealthStream, Inc. (NASDAQ:HSTM)

Key Insights Using the 2 Stage Free Cash Flow to Equity, HealthStream fair value estimate is US$29.23 With US$24.60...
Seeking Alpha Jun 04

HealthStream: High-Quality Business At A Fair Price

Summary HealthStream boasts a resilient, founder-led SaaS business model with decades of profitable growth, strong balance sheet, and shareholder-friendly capital returns. Revenue is highly recurring and predictable due to long-term, non-cancelable contracts, with built-in price escalators and industry-leading products recognized by G2. Short-term headwinds include funding cuts, customer bankruptcy, and delayed revenue recognition, prompting a downward revision in 2025 guidance, but technical issues are seen as temporary. Transition to SaaS and platform offerings positions HealthStream for higher margins and future growth, with most products tied to essential, mandatory healthcare requirements. Despite strong fundamentals, the stock remains expensive on a P/E basis but appears fairly valued on a P/S basis; thus, I rated it as HOLD overall, with a small starter position reflecting my long-term confidence in the business. Read the full article on Seeking Alpha
Analysis Article May 23

We Discuss Why The CEO Of HealthStream, Inc. (NASDAQ:HSTM) Is Due For A Pay Rise

Key Insights HealthStream's Annual General Meeting to take place on 29th of May Total pay for CEO Bobby Frist includes...
Analysis Article May 07

HealthStream (NASDAQ:HSTM) Is Doing The Right Things To Multiply Its Share Price

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article Feb 27

HealthStream, Inc. Just Beat EPS By 5.1%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that HealthStream, Inc. ( NASDAQ:HSTM ) filed its yearly result this time last week...
Analysis Article Nov 28

Should You Be Adding HealthStream (NASDAQ:HSTM) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Nov 07

Returns At HealthStream (NASDAQ:HSTM) Are On The Way Up

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
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New Narrative Sep 24

Navigating Temporary Challenges, The Company Sets Its Sights On Long-term Revenue Growth And Market Expansion

Expansion into the health plan market and strong sales pipelines in key products signal potential for revenue growth and customer base diversification.
Analysis Article Aug 08

HealthStream, Inc.'s (NASDAQ:HSTM) Shareholders Might Be Looking For Exit

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may...
Analysis Article Jul 17

We Ran A Stock Scan For Earnings Growth And HealthStream (NASDAQ:HSTM) Passed With Ease

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Apr 24

HealthStream, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

It's been a good week for HealthStream, Inc. ( NASDAQ:HSTM ) shareholders, because the company has just released its...

Shareholder Returns

HSTMUS Healthcare ServicesUS Market
7D-0.2%-0.8%2.5%
1Y-12.7%-40.0%26.4%

Return vs Industry: HSTM exceeded the US Healthcare Services industry which returned -38.4% over the past year.

Return vs Market: HSTM underperformed the US Market which returned 28.7% over the past year.

Price Volatility

Is HSTM's price volatile compared to industry and market?
HSTM volatility
HSTM Average Weekly Movement6.1%
Healthcare Services Industry Average Movement10.0%
Market Average Movement7.2%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stable Share Price: HSTM has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: HSTM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19901,150Bobby Fristwww.healthstream.com

HealthStream, Inc. provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company offers hStream, a technology platform; CredentialStream, provides healthcare organizations with tools to support the provider lifecycle management from recruiting, application submission, verification of licensure and other credentials, privileging, appointments by credentialing committees, enrollment, network, management, onboarding, and performance evaluations of providers; ShiftWizard; and Competency Suite, AI/ML-driven clinical competency development system. It also provides applications for performance appraisal, competency management, disclosure management, clinical competency, assessment, development, simulation-based education, clinical rotation and onboarding management, quality management, and industry training.

HealthStream, Inc. Fundamentals Summary

How do HealthStream's earnings and revenue compare to its market cap?
HSTM fundamental statistics
Market capUS$695.61m
Earnings (TTM)US$19.92m
Revenue (TTM)US$311.78m
35.7x
P/E Ratio
2.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HSTM income statement (TTM)
RevenueUS$311.78m
Cost of RevenueUS$109.48m
Gross ProfitUS$202.30m
Other ExpensesUS$182.38m
EarningsUS$19.92m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.68
Gross Margin64.89%
Net Profit Margin6.39%
Debt/Equity Ratio0%

How did HSTM perform over the long term?

See historical performance and comparison

Dividends

0.6%
Current Dividend Yield
19%
Payout Ratio

Does HSTM pay a reliable dividends?

See HSTM dividend history and benchmarks
When do you need to buy HSTM by to receive an upcoming dividend?
HealthStream dividend dates
Ex Dividend DateMay 18 2026
Dividend Pay DateMay 29 2026
Days until Ex dividend10 days
Days until Dividend pay date1 day

Does HSTM pay a reliable dividends?

See HSTM dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 12:53
End of Day Share Price 2026/05/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HealthStream, Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew GillmorBaird
Vincent ColicchioBarrington Research Associates, Inc.
Richard CloseCanaccord Genuity