HealthStream, Inc. (NASDAQ:HSTM) Receives $31.50 Average PT from Analysts

HealthStream, Inc. (NASDAQ:HSTM) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.50.

Several research firms have issued reports on HSTM. William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Canaccord Genuity Group dropped their target price on HealthStream from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Thursday, May 15th.

HealthStream Price Performance

NASDAQ HSTM opened at $27.25 on Wednesday. The stock’s 50-day moving average is $29.86 and its 200-day moving average is $31.46. HealthStream has a one year low of $25.84 and a one year high of $34.24. The firm has a market cap of $831.81 million, a P/E ratio of 41.92, a P/E/G ratio of 4.37 and a beta of 0.43.

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

HealthStream announced that its board has initiated a share repurchase plan on Thursday, May 8th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, May 19th. HealthStream’s payout ratio is 19.05%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its holdings in shares of HealthStream by 0.6% in the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock valued at $2,368,000 after buying an additional 412 shares during the last quarter. Principal Financial Group Inc. raised its position in HealthStream by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 126,673 shares of the technology company’s stock worth $4,028,000 after acquiring an additional 4,407 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in HealthStream by 4.8% in the fourth quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company’s stock valued at $507,000 after acquiring an additional 708 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of HealthStream by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 219,575 shares of the technology company’s stock valued at $6,982,000 after acquiring an additional 2,410 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of HealthStream by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 223,262 shares of the technology company’s stock worth $7,100,000 after purchasing an additional 4,815 shares during the last quarter. 69.58% of the stock is 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.