HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as $25.78 and last traded at $26.10, with a volume of 292036 shares. The stock had previously closed at $27.42.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports 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 for the company in a research note on Thursday, May 15th. William Blair reiterated an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.
Check Out Our Latest Report on HealthStream
HealthStream Price Performance
The business has a 50 day simple moving average of $29.54 and a 200 day simple moving average of $31.32. The company has a market cap of $792.73 million, a price-to-earnings ratio of 41.22, a price-to-earnings-growth ratio of 3.54 and a beta of 0.43.
HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $73.49 million for the quarter, compared to analyst estimates of $74.93 million. HealthStream had a return on equity of 5.36% and a net margin of 6.54%. During the same quarter last year, the company earned $0.17 EPS. As a group, sell-side analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.
HealthStream Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream's dividend payout ratio is 19.05%.
HealthStream announced that its Board of Directors has approved a share buyback program on Thursday, May 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in HSTM. Voya Investment Management LLC raised its stake in shares of HealthStream by 109.7% during the first quarter. Voya Investment Management LLC now owns 25,738 shares of the technology company's stock worth $828,000 after buying an additional 13,465 shares during the last quarter. Strs Ohio bought a new stake in shares of HealthStream during the 1st quarter valued at $605,000. Ellsworth Advisors LLC lifted its stake in shares of HealthStream by 6.7% in the 1st quarter. Ellsworth Advisors LLC now owns 23,070 shares of the technology company's stock valued at $742,000 after purchasing an additional 1,453 shares during the period. Intech Investment Management LLC boosted its position in shares of HealthStream by 130.7% in the 1st quarter. Intech Investment Management LLC now owns 77,206 shares of the technology company's stock worth $2,484,000 after purchasing an additional 43,742 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of HealthStream during the first quarter worth $1,532,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.
About HealthStream
(
Get Free Report)
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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