Carrera Capital Advisors Makes New $1.40 Million Investment in HealthStream, Inc. (NASDAQ:HSTM)

Key Points

• Carrera Capital Advisors made a new investment in HealthStream, Inc., acquiring 43,371 shares valued at approximately $1.40 million, representing 0.14% of the company.
• HealthStream reported a Q1 earnings miss, with earnings per share of $0.14 compared to the expected $0.16, alongside revenue of $73.49 million, falling short of the consensus estimate of $74.93 million.
• The company has announced a stock buyback program worth $25 million, indicating that the board believes the stock is currently undervalued.

Carrera Capital Advisors acquired a new position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 43,371 shares of the technology company's stock, valued at approximately $1,396,000. Carrera Capital Advisors owned 0.14% of HealthStream as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HSTM. Copeland Capital Management LLC increased its holdings in shares of HealthStream by 101.3% in the 1st quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company's stock worth $24,576,000 after acquiring an additional 384,384 shares during the period. Cerity Partners LLC increased its holdings in shares of HealthStream by 3,889.2% in the 4th quarter. Cerity Partners LLC now owns 300,070 shares of the technology company's stock worth $9,534,000 after acquiring an additional 292,548 shares during the period. Norges Bank acquired a new stake in shares of HealthStream in the 4th quarter worth about $3,649,000. Vanguard Group Inc. increased its holdings in shares of HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock worth $97,151,000 after acquiring an additional 92,067 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of HealthStream by 186.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 125,457 shares of the technology company's stock worth $4,037,000 after acquiring an additional 81,644 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Trading Down 0.7%

NASDAQ:HSTM opened at $26.75 on Friday. HealthStream, Inc. has a twelve month low of $25.72 and a twelve month high of $34.24. The company has a 50-day moving average of $27.55 and a 200-day moving average of $30.43. The firm has a market cap of $816.54 million, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 3.46 and a beta of 0.42.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). HealthStream had a net margin of 6.54% and a return on equity of 5.36%. The business had revenue of $73.49 million for the quarter, compared to the consensus estimate of $74.93 million. During the same quarter last year, the business posted $0.17 EPS. On average, research analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, May 19th. HealthStream's payout ratio is 19.05%.

HealthStream announced that its board has approved a stock repurchase program on Thursday, May 8th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the technology company to repurchase up to 3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream 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.

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