HealthStream (NASDAQ:HSTM) Sets New 12-Month Low – What’s Next?

HealthStream, Inc. (NASDAQ:HSTM) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $21.99 and last traded at $22.3350, with a volume of 9582 shares. The stock had previously closed at $22.10.

Analysts Set New Price Targets

Several research analysts have commented on HSTM shares. Wall Street Zen cut shares of HealthStream from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HealthStream in a research report on Wednesday, October 8th. Citigroup restated a “market perform” rating on shares of HealthStream in a research report on Tuesday, January 6th. Finally, Canaccord Genuity Group set a $25.00 price objective on shares of HealthStream in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.00.

HealthStream Price Performance

The stock’s 50 day simple moving average is $24.26 and its 200-day simple moving average is $26.16. The stock has a market capitalization of $669.36 million, a price-to-earnings ratio of 33.18, a PEG ratio of 2.39 and a beta of 0.43.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $76.47 million during the quarter, compared to analyst estimates of $75.52 million. HealthStream had a net margin of 6.93% and a return on equity of 5.82%. As a group, equities research analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were issued a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream’s dividend payout ratio is currently 17.65%.

HealthStream declared that its Board of Directors has authorized a share buyback plan on Tuesday, November 11th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other HealthStream news, Director Tate Deborah Taylor sold 1,580 shares of the company’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 transaction of $40,226.80. Following the completion of the sale, the director owned 23,127 shares of the company’s stock, valued at $588,813.42. This 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 available through the SEC website. Also, CTO Jeff Cunningham sold 2,100 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total value of $50,589.00. Following the transaction, the chief technology officer owned 31,489 shares in the company, valued at approximately $758,570.01. This trade represents a 6.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 5,680 shares of company stock worth $139,336. 20.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its holdings in HealthStream by 40.1% in the 4th quarter. SG Americas Securities LLC now owns 40,524 shares of the technology company’s stock valued at $935,000 after buying an additional 11,609 shares during the period. Diversified Trust Co. lifted its holdings in shares of HealthStream by 12.2% during the 4th quarter. Diversified Trust Co. now owns 12,237 shares of the technology company’s stock worth $282,000 after acquiring an additional 1,335 shares during the period. GAMMA Investing LLC boosted its position in shares of HealthStream by 131.4% during the 4th quarter. GAMMA Investing LLC now owns 3,649 shares of the technology company’s stock valued at $84,000 after acquiring an additional 2,072 shares in the last quarter. JPMorgan Chase & Co. increased its stake in HealthStream by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 432,822 shares of the technology company’s stock valued at $12,223,000 after acquiring an additional 184,917 shares during the period. Finally, Virtus Advisers LLC bought a new stake in HealthStream in the third quarter valued at about $142,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

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.