HealthStream (NASDAQ:HSTM) Sets New 52-Week Low – Time to Sell?

HealthStream, Inc. (NASDAQ:HSTM)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $26.37 and last traded at $26.82, with a volume of 552824 shares changing hands. The stock had previously closed at $33.24.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Canaccord Genuity Group boosted their target price on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. William Blair reiterated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, JMP Securities reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, HealthStream currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Stock Performance

The stock’s 50-day moving average price is $32.14 and its 200-day moving average price is $32.03. The company has a market capitalization of $818.68 million, a price-to-earnings ratio of 41.26, a P/E/G ratio of 4.37 and a beta of 0.50.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, May 5th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $73.49 million for the quarter, compared to analysts’ expectations of $74.93 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.031 per share. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 0.46%. HealthStream’s dividend payout ratio (DPR) is currently 18.18%.

Institutional Trading of HealthStream

Several large investors have recently modified their holdings of HSTM. First Horizon Advisors Inc. lifted its stake in HealthStream by 99.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company’s stock valued at $34,000 after buying an additional 527 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company’s stock valued at $67,000 after acquiring an additional 490 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in HealthStream during the 4th quarter worth about $80,000. Meeder Asset Management Inc. acquired a new stake in shares of HealthStream during the 4th quarter worth about $114,000. Finally, Bessemer Group Inc. lifted its stake in shares of HealthStream by 1,074.6% during the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company’s stock valued at $119,000 after buying an additional 3,428 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.