HealthStream, Inc. (NASDAQ:HSTM – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $30.00 and last traded at $29.0630, with a volume of 4473 shares. The stock had previously closed at $29.07.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Canaccord Genuity Group lifted their price objective on shares of HealthStream to $24.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.00.
Check Out Our Latest Stock Report on HSTM
HealthStream Stock Performance
HealthStream (NASDAQ:HSTM – Get Free Report) last issued its earnings results 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 the consensus estimate of $79.68 million. HealthStream had a return on equity of 6.47% and a net margin of 6.39%. Equities research analysts forecast that HealthStream, Inc. will post 0.74 earnings per share for the current year.
HealthStream Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, May 18th. HealthStream’s dividend payout ratio is currently 20.90%.
HealthStream announced that its board has approved a stock buyback program on Friday, March 13th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Insider Buying and Selling
In related news, EVP Kevin P. O’hara sold 3,000 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $24.08, for a total transaction of $72,240.00. Following the sale, the executive vice president directly owned 20,982 shares of the company’s stock, valued at approximately $505,246.56. This represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Linda Rebrovick sold 6,000 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $29.00, for a total transaction of $174,000.00. Following the sale, the director owned 51,329 shares in the company, valued at approximately $1,488,541. This represents a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,000 shares of company stock worth $296,240 in the last ninety days. Corporate insiders own 20.40% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of HSTM. MassMutual Private Wealth & Trust FSB grew its position in shares of HealthStream by 76.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock valued at $28,000 after acquiring an additional 444 shares during the period. Danske Bank A S boosted its position 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 purchasing an additional 700 shares in the last quarter. Essential Partners LLC acquired a new stake in HealthStream in the first quarter valued at approximately $25,000. Hantz Financial Services Inc. increased its position in shares of HealthStream by 2,035.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock valued at $31,000 after buying an additional 1,262 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in shares of HealthStream in the third quarter valued at approximately $40,000. 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.
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