HealthStream (NASDAQ:HSTM) Sets New 12-Month High – Here’s What Happened

HealthStream, Inc. (NASDAQ:HSTM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.00 and last traded at $29.0630, with a volume of 4473 shares traded. The stock had previously closed at $29.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group increased their price target on HealthStream to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded HealthStream from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.00.

HealthStream Stock Up 0.1%

The stock has a 50 day moving average of $24.82 and a 200 day moving average of $22.66. The firm has a market cap of $850.04 million, a price-to-earnings ratio of 43.47, a P/E/G ratio of 3.22 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. HealthStream had a net margin of 6.39% and a return on equity of 6.47%. The firm had revenue of $81.20 million for the quarter, compared to the consensus estimate of $79.68 million. As a group, analysts predict that HealthStream, Inc. will post 0.74 EPS for the current fiscal year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, May 18th. HealthStream’s dividend payout ratio is 20.90%.

HealthStream announced that its board has initiated a stock buyback program on Friday, March 13th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 1.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other HealthStream news, EVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $24.08, for a total transaction of $72,240.00. Following the completion of the sale, the executive vice president directly owned 20,982 shares in the company, valued at $505,246.56. This represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Rebrovick sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $25.00, for a total value of $50,000.00. Following the sale, the director owned 54,181 shares of the company’s stock, valued at $1,354,525. The trade was a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its stake in HealthStream by 76.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock valued at $28,000 after buying an additional 444 shares in the last quarter. Danske Bank A S raised its stake in HealthStream by 175.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after acquiring an additional 700 shares in the last quarter. Essential Partners LLC acquired a new position in HealthStream during the first quarter worth about $25,000. Hantz Financial Services Inc. lifted its holdings in shares of HealthStream by 2,035.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,262 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of HealthStream in the third quarter worth about $40,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.