HealthStream (NASDAQ:HSTM) Sets New 52-Week High – Time to Buy?

HealthStream, Inc. (NASDAQ:HSTM) shares reached a new 52-week high during mid-day trading on Monday. The company traded as high as $31.37 and last traded at $31.4540, with a volume of 6598 shares trading hands. The stock had previously closed at $30.36.

Analyst Upgrades and Downgrades

HSTM has been the topic of a number of recent analyst reports. Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a report on Sunday, August 30th. Canaccord Genuity Group raised their price target on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of HealthStream from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 28th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.00.

HealthStream Trading Down 0.7%

The firm has a market cap of $914.72 million, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 3.65 and a beta of 0.42. The stock’s 50 day moving average is $29.13 and its 200 day moving average is $25.97.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The firm had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. On average, equities research analysts predict that HealthStream, Inc. will post 0.72 EPS for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were issued a dividend of $0.0350 per share. This represents a $0.14 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 17th. HealthStream’s dividend payout ratio (DPR) is presently 19.44%.

Insider Transactions at HealthStream

In related news, CEO Robert Frist, Jr. sold 144,068 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $29.50, for a total value of $4,250,006.00. Following the completion of the sale, the chief executive officer directly owned 3,907,038 shares in the company, valued at $115,257,621. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 20.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On HealthStream

A number of hedge funds and other institutional investors have recently modified their holdings of HSTM. Sequoia Financial Advisors LLC bought a new stake in shares of HealthStream in the second quarter valued at about $222,000. Tidal Investments LLC bought a new position in HealthStream during the second quarter worth about $575,000. Integrated Wealth Concepts LLC acquired a new stake in HealthStream in the 2nd quarter worth about $27,000. Squarepoint Ops LLC acquired a new stake in HealthStream in the 2nd quarter worth about $222,000. Finally, Amundi boosted its holdings in HealthStream by 29.8% in the 2nd quarter. Amundi now owns 20,371 shares of the technology company’s stock valued at $555,000 after purchasing an additional 4,680 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides workforce solutions for the healthcare industry. The company develops software and services designed to help healthcare organizations manage employee learning, performance, credentialing, and other workforce-related processes.

Its offerings include online learning and education management, workforce development tools, competency and performance management, and credentialing solutions. HealthStream also provides content and administrative services intended to support regulatory compliance, professional development, and operational efficiency for healthcare employers.

Based in Nashville, Tennessee, HealthStream primarily serves healthcare organizations in the United States, including hospitals, health systems, medical practices, and other healthcare providers.