HealthStream (NASDAQ:HSTM) Hits New 1-Year High – What’s Next?

HealthStream, Inc. (NASDAQ:HSTM) shares hit a new 52-week high during trading on Monday . The company traded as high as $33.09 and last traded at $33.02, with a volume of 32091 shares. The stock had previously closed at $32.19.

Analyst Ratings Changes

HSTM has been the topic of several research analyst reports. Barclays upped their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.50.

HealthStream Price Performance

The stock has a 50-day moving average price of $29.70 and a 200 day moving average price of $28.70. The company has a market cap of $989.40 million, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 4.28 and a beta of 0.35.

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

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s dividend payout ratio is presently 16.92%.

Insider Activity

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now owns 22,326 shares in the company, valued at $636,960.78. This trade represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 20.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in shares of HealthStream during the third quarter worth about $27,000. GAMMA Investing LLC raised its holdings in HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after buying an additional 630 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of HealthStream during the second quarter worth about $38,000. Copeland Capital Management LLC acquired a new position in HealthStream during the 3rd quarter valued at about $63,000. Finally, CWM LLC increased its holdings in HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,173 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

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.