HealthStream, Inc. (NASDAQ:HSTM) Receives Average Rating of "Moderate Buy" from Analysts

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) has received an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.50.

Several equities analysts have recently weighed in on the stock. 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 research report on Thursday, May 15th. William Blair reissued an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th.

HealthStream Price Performance

NASDAQ HSTM traded down $0.20 on Wednesday, hitting $27.25. 229,321 shares of the stock were exchanged, compared to its average volume of 150,451. The business's fifty day moving average is $29.86 and its 200 day moving average is $31.47. HealthStream has a 52 week low of $25.84 and a 52 week high of $34.24. The company has a market capitalization of $831.81 million, a PE ratio of 41.92, a P/E/G ratio of 4.37 and a beta of 0.43.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued 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). The company had revenue of $73.49 million during the quarter, compared to the consensus estimate of $74.93 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same period in the previous year, the company earned $0.17 earnings per share. Analysts predict that HealthStream 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, May 30th. Shareholders of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, May 19th. HealthStream's dividend payout ratio is currently 19.05%.

HealthStream announced that its board has initiated a share buyback plan on Thursday, May 8th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the technology company to buy up to 3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Institutional Trading of HealthStream

Institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its holdings in HealthStream by 99.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock valued at $34,000 after purchasing an additional 527 shares during the period. GAMMA Investing LLC boosted its holdings in HealthStream by 30.8% in the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock valued at $67,000 after purchasing an additional 490 shares during the period. New Age Alpha Advisors LLC bought a new stake in HealthStream in the 4th quarter valued at about $80,000. PNC Financial Services Group Inc. boosted its holdings in HealthStream by 62.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,010 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in HealthStream in the 4th quarter valued at about $114,000. Institutional investors own 69.58% of the company's stock.

About HealthStream

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.