HealthStream (NASDAQ:HSTM) Reaches New 52-Week Low - What's Next?

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $26.37 and last traded at $26.82, with a volume of 552824 shares. The stock had previously closed at $33.24.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HSTM. JMP Securities reissued a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. William Blair reissued an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group upped their price target on HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.00.

HealthStream Trading Up 2.2 %

The business's fifty day simple moving average is $31.76 and its 200 day simple moving average is $31.97. The stock has a market cap of $849.82 million, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 4.37 and a beta of 0.50.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $73.49 million for the quarter, compared to analyst estimates of $74.93 million. During the same period last year, the firm earned $0.17 earnings per share. As a group, research analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, May 19th. HealthStream's payout ratio is 18.18%.

HealthStream announced that its Board of Directors has approved a stock buyback plan on Thursday, May 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On HealthStream

A number of hedge funds and other institutional investors have recently made changes to their positions in HSTM. Rhumbline Advisers lifted its position in HealthStream by 0.6% in the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company's stock valued at $2,368,000 after acquiring an additional 412 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of HealthStream by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company's stock valued at $1,421,000 after purchasing an additional 413 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of HealthStream by 5.0% in the first quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock valued at $295,000 after purchasing an additional 441 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of HealthStream by 3.0% during the fourth quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company's stock worth $503,000 after buying an additional 459 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of HealthStream by 30.8% during the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after buying an additional 490 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

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.