HealthStream (NASDAQ:HSTM) Hits New 12-Month High – What’s Next?

HealthStream, Inc. (NASDAQ:HSTM)’s stock price reached a new 52-week high on Thursday. The stock traded as high as $34.50 and last traded at $33.9950, with a volume of 64,035 shares trading hands. The stock had previously closed at $33.51.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings upgraded shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Freedom Capital upgraded shares of HealthStream to a “hold” rating in a research report on Tuesday, October 13th. Finally, Canaccord Genuity Group lifted their price objective on shares of HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.00.

HealthStream Price Performance

The firm has a fifty day simple moving average of $30.15 and a 200 day simple moving average of $26.93. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 48.04, a price-to-earnings-growth ratio of 3.91 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. Research analysts predict that HealthStream, Inc. will post 0.72 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were given a dividend of $0.0350 per share. The ex-dividend date was Monday, August 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.4%. HealthStream’s dividend payout ratio (DPR) is 19.44%.

Insider Transactions at HealthStream

In related news, CEO Robert Frist, Jr. sold 144,068 shares of HealthStream stock in a transaction on Monday, September 14th. The shares were sold at an average price of $29.50, for a total value of $4,250,006.00. Following the sale, the chief executive officer owned 3,907,038 shares of the company’s stock, valued at approximately $115,257,621. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On HealthStream

A number of large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in shares of HealthStream by 30.3% during the third quarter. Nisa Investment Advisors LLC now owns 4,542 shares of the technology company’s stock worth $135,000 after purchasing an additional 1,056 shares in the last quarter. GAMMA Investing LLC raised its position in shares of HealthStream by 5.2% during the 3rd quarter. GAMMA Investing LLC now owns 21,686 shares of the technology company’s stock worth $644,000 after purchasing an additional 1,076 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of HealthStream during the 2nd quarter worth about $222,000. Tidal Investments LLC purchased a new position in HealthStream in the 2nd quarter valued at about $575,000. Finally, Integrated Wealth Concepts LLC purchased a new position in HealthStream in the 2nd quarter valued at about $27,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.