HealthStream, Inc. (NASDAQ:HSTM) Given Average Recommendation of "Moderate Buy" by Brokerages

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) has been given an average rating of "Moderate Buy" by the five research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.50.

Separately, Canaccord Genuity Group lowered 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.

Institutional Investors Weigh In On HealthStream

Several large investors have recently made changes to their positions in HSTM. First Horizon Advisors Inc. raised its position in HealthStream by 99.6% during the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock worth $34,000 after acquiring an additional 527 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of HealthStream by 30.8% during the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after purchasing an additional 490 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of HealthStream in the 4th quarter valued at about $80,000. PNC Financial Services Group Inc. lifted its stake 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 last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in HealthStream in the 4th quarter valued at about $114,000. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Trading Up 0.1%

HSTM stock opened at $27.78 on Friday. The stock has a 50-day moving average price of $28.42 and a two-hundred day moving average price of $30.93. HealthStream has a 1 year low of $25.72 and a 1 year high of $34.24. The stock has a market cap of $847.69 million, a PE ratio of 44.09, a price-to-earnings-growth ratio of 3.59 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The firm had revenue of $73.49 million for the quarter, compared to the consensus estimate of $74.93 million. HealthStream had a return on equity of 5.36% and a net margin of 6.54%. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, analysts forecast that HealthStream will post 0.63 earnings per share for the current fiscal year.

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

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.031 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 0.45%. HealthStream's dividend payout ratio is 19.05%.

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.

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