HealthStream (NASDAQ:HSTM) Sets New 52-Week Low – Here’s What Happened

Shares of HealthStream, Inc. (NASDAQ:HSTM) reached a new 52-week low during trading on Monday . The stock traded as low as $19.92 and last traded at $19.91, with a volume of 6080 shares trading hands. The stock had previously closed at $20.30.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup reissued a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Canaccord Genuity Group set a $25.00 price target on HealthStream in a research report on Thursday, January 8th. Finally, Wall Street Zen cut HealthStream from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, HealthStream currently has a consensus rating of “Hold” and a consensus target price of $25.00.

HealthStream Price Performance

The company’s 50-day moving average is $22.67 and its 200 day moving average is $25.27. The company has a market cap of $593.10 million, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 2.16 and a beta of 0.44.

HealthStream declared that its board has authorized a share repurchase program on Tuesday, November 11th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows 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 management believes its stock is undervalued.

Insiders Place Their Bets

In other HealthStream 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 directly owned 23,127 shares of the company’s stock, valued at approximately $588,813.42. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin P. O’hara sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $24.26, for a total value of $48,520.00. Following the transaction, the executive vice president directly owned 16,373 shares of the company’s stock, valued at approximately $397,208.98. The trade was a 10.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 5,680 shares of company stock worth $139,336. 20.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HealthStream

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in shares of HealthStream by 0.6% in the second quarter. Legal & General Group Plc now owns 68,883 shares of the technology company’s stock valued at $1,906,000 after purchasing an additional 424 shares during the period. Bridge City Capital LLC raised its position in shares of HealthStream by 0.8% during the 2nd quarter. Bridge City Capital LLC now owns 58,977 shares of the technology company’s stock worth $1,632,000 after purchasing an additional 441 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in HealthStream by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock valued at $259,000 after buying an additional 586 shares in the last quarter. Danske Bank A S boosted its holdings in HealthStream by 175.0% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after buying an additional 700 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in HealthStream by 14.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,843 shares of the technology company’s stock worth $162,000 after buying an additional 758 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.