HealthStream (NASDAQ:HSTM) Sets New 52-Week Low - Time to Sell?

Key Points

• HealthStream (NASDAQ:HSTM) reached a new 52-week low of $25.20, with the stock last trading at $25.37.
• The company has received a consensus rating of Moderate Buy from analysts, with an average price target of $31.00.
• HealthStream also declared a quarterly dividend of $0.031 per share, representing a 0.5% annual yield and a payout ratio of 17.91%.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $25.20 and last traded at $25.37, with a volume of 13103 shares trading hands. The stock had previously closed at $25.60.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, August 7th. Weiss Ratings restated a "hold (c)" rating on shares of HealthStream in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, HealthStream currently has a consensus rating of "Moderate Buy" and an average price target of $31.00.

HealthStream Stock Down 0.2%

The business's fifty day moving average is $27.67 and its 200-day moving average is $28.51. The stock has a market capitalization of $757.15 million, a PE ratio of 38.17, a P/E/G ratio of 3.21 and a beta of 0.47.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. The company had revenue of $74.40 million during the quarter, compared to the consensus estimate of $74.39 million. HealthStream has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 annualized dividend and a yield of 0.5%. HealthStream's payout ratio is 17.91%.

Insider Buying and Selling

In other HealthStream news, EVP Kevin P. O'hara sold 2,000 shares of HealthStream stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total transaction of $55,940.00. Following the sale, the executive vice president directly owned 17,137 shares in the company, valued at $479,321.89. The trade was a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.60% of the company's stock.

Hedge Funds Weigh In On HealthStream

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc increased its position in HealthStream by 0.6% in the second quarter. Legal & General Group Plc now owns 68,883 shares of the technology company's stock worth $1,906,000 after buying an additional 424 shares during the period. Diversified Trust Co increased its position in HealthStream by 5.0% in the first quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock worth $295,000 after buying an additional 441 shares during the period. Bridge City Capital LLC increased its position in HealthStream by 0.8% in the second quarter. Bridge City Capital LLC now owns 58,977 shares of the technology company's stock worth $1,632,000 after buying an additional 441 shares during the period. GAMMA Investing LLC increased its position in HealthStream by 30.8% in 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 during the period. Finally, First Horizon Advisors Inc. increased its position in HealthStream by 99.6% in the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock worth $34,000 after buying an additional 527 shares during the period. 69.58% of the stock is currently owned by hedge funds and other 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.

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