HealthStream (NASDAQ:HSTM) Stock Crosses Above 200 Day Moving Average – What’s Next?

HealthStream, Inc. (NASDAQ:HSTM)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.48 and traded as high as $26.31. HealthStream shares last traded at $25.70, with a volume of 181,073 shares trading hands.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings raised HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group increased their price objective on HealthStream to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HealthStream has a consensus rating of “Hold” and an average target price of $24.00.

HealthStream Price Performance

The company has a market capitalization of $781.05 million, a price-to-earnings ratio of 39.90, a P/E/G ratio of 2.91 and a beta of 0.47. The business’s 50-day moving average price is $24.01 and its two-hundred day moving average price is $22.51.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $81.20 million for the quarter, compared to analyst estimates of $79.68 million. HealthStream had a return on equity of 6.47% and a net margin of 6.39%. As a group, research analysts predict that HealthStream, Inc. will post 0.74 EPS for the current year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.14 annualized dividend and a yield of 0.5%. HealthStream’s dividend payout ratio is currently 20.90%.

HealthStream announced that its Board of Directors has initiated a share repurchase program on Friday, March 13th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 1.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at HealthStream

In other HealthStream news, EVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $24.08, for a total transaction of $72,240.00. Following the completion of the sale, the executive vice president directly owned 20,982 shares in the company, valued at $505,246.56. This represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Linda Rebrovick sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the sale, the director directly owned 54,181 shares in the company, valued at approximately $1,354,525. This represents a 3.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by insiders.

Institutional Trading of HealthStream

Several large investors have recently bought and sold shares of the business. Danske Bank A S raised its stake in HealthStream by 175.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after acquiring an additional 700 shares in the last quarter. Essential Partners LLC acquired a new stake in shares of HealthStream in the 1st quarter valued at approximately $25,000. Hantz Financial Services Inc. increased its position in HealthStream by 2,035.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,262 shares in the last quarter. Aquatic Capital Management LLC bought a new position in HealthStream in the 3rd quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC lifted its stake in HealthStream by 241.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,702 shares during the last quarter. 69.58% of the stock is 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.