HealthStream Inc (HSTM) released its first quarter results on Tuesday, April 27, 2021. The company reported net earnings of $0.07 per share for the first quarter ending March 31, 2021. Earnings for this past quarter declined 68 percent compared to the same period a year ago.
HealthStream, Inc. was incorporated in 1990 and is headquartered in Nashville, Tennessee. HealthStream, Inc. provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions.
HealthStream's revenue decreased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 66.54% for the first quarter compared to the same period in the previous year, and operating margins decreased to 5.2% over the same period. Net earnings for past trailing twelve months were $9.29 million, down 44% from the prior year.
Moving on to the balance sheet, HealthStream’s cash levels dropped 58% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 49.77% this past year. The current ratio for HealthStream now stands at 0.98. The company decreased shares outstanding by 2.74%.
Shares of HSTM are currently trading around $24.43. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 84.5 and price to book ratio of 2.29.