HealthStream (NASDAQ:HSTM) Reaches New 52-Week High – What’s Next?

HealthStream, Inc. (NASDAQ:HSTM) shares hit a new 52-week high on Wednesday . The stock traded as high as $31.17 and last traded at $31.06, with a volume of 6733 shares. The stock had previously closed at $29.85.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HSTM shares. Craig Hallum raised HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Canaccord Genuity Group boosted their price objective on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays increased their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Stock Performance

The firm’s 50-day moving average price is $28.94 and its two-hundred day moving average price is $28.23. The firm has a market cap of $980.58 million, a PE ratio of 49.42, a P/E/G ratio of 3.88 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. HealthStream’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Monday, November 4th. HealthStream’s dividend payout ratio is currently 16.92%.

Insider Activity

In related news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the transaction, the director now owns 22,326 shares in the company, valued at $636,960.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 20.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HSTM. Sei Investments Co. increased its position in HealthStream by 2.3% during the 1st quarter. Sei Investments Co. now owns 171,427 shares of the technology company’s stock worth $4,570,000 after purchasing an additional 3,926 shares during the period. Inspire Investing LLC boosted its stake in shares of HealthStream by 16.7% during the 1st quarter. Inspire Investing LLC now owns 33,344 shares of the technology company’s stock worth $889,000 after acquiring an additional 4,769 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of HealthStream by 13.8% in the 1st quarter. Russell Investments Group Ltd. now owns 23,897 shares of the technology company’s stock worth $637,000 after acquiring an additional 2,896 shares during the period. State Board of Administration of Florida Retirement System increased its stake in HealthStream by 1.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock valued at $2,134,000 after purchasing an additional 1,131 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in HealthStream by 21.5% during the first quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock worth $13,192,000 after purchasing an additional 87,400 shares during the last quarter. 69.58% of the stock is currently 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.