HealthStream (NASDAQ:HSTM) Reaches New 1-Year Low – Time to Sell?

HealthStream, Inc. (NASDAQ:HSTM)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $21.99 and last traded at $22.3350, with a volume of 9582 shares changing hands. The stock had previously closed at $22.10.

Analyst Ratings Changes

HSTM has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of HealthStream in a report on Wednesday, October 8th. Canaccord Genuity Group set a $25.00 target price on shares of HealthStream in a research report on Thursday. Wall Street Zen downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Citigroup reissued a “market perform” rating on shares of HealthStream in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.00.

HealthStream Trading Up 2.1%

The business’s 50-day simple moving average is $24.26 and its two-hundred day simple moving average is $26.16. The company has a market capitalization of $669.36 million, a PE ratio of 33.18, a PEG ratio of 2.39 and a beta of 0.43.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. HealthStream had a return on equity of 5.82% and a net margin of 6.93%.The business had revenue of $76.47 million for the quarter, compared to analysts’ expectations of $75.52 million. On average, analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were paid a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, November 17th. HealthStream’s payout ratio is 17.65%.

HealthStream announced that its board has authorized a stock buyback program on Tuesday, November 11th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Tate Deborah Taylor sold 1,580 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $25.46, for a total value of $40,226.80. Following the sale, 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 position. 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 the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $24.26, for a total value of $48,520.00. Following the transaction, the executive vice president owned 16,373 shares of the company’s stock, valued at $397,208.98. This represents a 10.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,680 shares of company stock valued at $139,336 over the last 90 days. 20.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On HealthStream

Several institutional investors have recently bought and sold shares of HSTM. Geode Capital Management LLC boosted its stake in shares of HealthStream by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 766,193 shares of the technology company’s stock worth $21,202,000 after acquiring an additional 38,868 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of HealthStream during the third quarter worth $1,264,000. Acadian Asset Management LLC raised its position in shares of HealthStream by 5.1% during the second quarter. Acadian Asset Management LLC now owns 762,343 shares of the technology company’s stock worth $21,077,000 after purchasing an additional 37,004 shares during the period. Diversified Trust Co lifted its holdings in shares of HealthStream by 18.8% during the second quarter. Diversified Trust Co now owns 10,900 shares of the technology company’s stock valued at $302,000 after purchasing an additional 1,726 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of HealthStream by 109.7% in the 1st quarter. Voya Investment Management LLC now owns 25,738 shares of the technology company’s stock valued at $828,000 after purchasing an additional 13,465 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

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.