HealthStream (NASDAQ:HSTM) Reaches New 52-Week Low – What’s Next?

Shares of HealthStream, Inc. (NASDAQ:HSTM) reached a new 52-week low during trading on Monday . The company traded as low as $23.60 and last traded at $23.7930, with a volume of 180499 shares. The stock had previously closed at $23.83.

Analyst Ratings Changes

A number of research analysts recently weighed in on HSTM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of HealthStream in a report on Wednesday, October 8th. Canaccord Genuity Group restated a “hold” rating and issued a $28.00 price objective on shares of HealthStream in a report on Wednesday, December 17th. Finally, Wall Street Zen lowered HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.00.

HealthStream Price Performance

The business has a fifty day moving average of $24.72 and a 200 day moving average of $26.41. The stock has a market cap of $690.42 million, a PE ratio of 34.22, a P/E/G ratio of 2.82 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, November 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. HealthStream had a return on equity of 5.82% and a net margin of 6.93%.The company had revenue of $76.47 million for the quarter, compared to analyst estimates of $75.52 million. On average, equities research analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were issued a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, November 17th. HealthStream’s dividend payout ratio (DPR) is currently 17.65%.

HealthStream declared that its Board of Directors has authorized a stock buyback program on Tuesday, November 11th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the technology company to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, Director Tate Deborah Taylor sold 1,580 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $25.46, for a total transaction of $40,226.80. Following the transaction, the director owned 23,127 shares of the company’s stock, valued at approximately $588,813.42. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin P. O’hara sold 2,000 shares of HealthStream stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $24.26, for a total value of $48,520.00. Following the completion of the transaction, the executive vice president owned 16,373 shares of the company’s stock, valued at $397,208.98. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 5,680 shares of company stock worth $139,336. 20.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HealthStream

Institutional investors have recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in HealthStream in the third quarter worth $40,000. Tower Research Capital LLC TRC lifted its position in shares of HealthStream by 241.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock worth $67,000 after buying an additional 1,702 shares during the last quarter. State of Wyoming acquired a new position in shares of HealthStream in the 2nd quarter valued at about $106,000. PNC Financial Services Group Inc. boosted its holdings in shares of HealthStream by 149.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,760 shares of the technology company’s stock valued at $134,000 after buying an additional 2,854 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of HealthStream during the 3rd quarter valued at about $142,000. 69.58% of the stock is currently owned by institutional investors.

HealthStream Company Profile

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.