HealthStream (NASDAQ:HSTM) Hits New 12-Month High - What's Next?

Key Points

• HealthStream shares reached a new 52-week high, trading as high as $34.50 and closing well above their 50-day and 200-day moving averages.
• Analysts maintain a consensus “Hold” rating with an average price target of $27, below the stock’s recent trading level.
• The company beat quarterly expectations with EPS of $0.23 versus $0.17 estimated and revenue of $83.73 million; it also pays a $0.14 annualized dividend yielding about 0.4%.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report)'s stock price reached a new 52-week high on Thursday. The stock traded as high as $34.50 and last traded at $33.9950, with a volume of 64,035 shares traded. The stock had previously closed at $33.51.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of HealthStream from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Canaccord Genuity Group lifted their price objective on shares of HealthStream from $24.00 to $27.00 and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of HealthStream from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Finally, Freedom Capital raised HealthStream to a "hold" rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $27.00.

HealthStream Stock Performance

The company's fifty day moving average is $30.15 and its two-hundred day moving average is $26.93. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 48.04, a P/E/G ratio of 3.91 and a beta of 0.42.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $83.73 million during the quarter, compared to analysts' expectations of $80.82 million. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. On average, sell-side analysts anticipate that HealthStream, Inc. will post 0.72 EPS for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were given a dividend of $0.0350 per share. The ex-dividend date was Monday, August 17th. This represents a $0.14 dividend on an annualized basis and a yield of 0.4%. HealthStream's payout ratio is currently 19.44%.

Insider Buying and Selling

In other HealthStream news, CEO Robert Frist, Jr. sold 144,068 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the sale, the chief executive officer directly owned 3,907,038 shares of the company's stock, valued at approximately $115,257,621. This trade represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.40% of the company's stock.

Hedge Funds Weigh In On HealthStream

A number of institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HealthStream by 76.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company's stock worth $28,000 after buying an additional 444 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in HealthStream during the second quarter worth about $27,000. Nisa Investment Advisors LLC grew its holdings in HealthStream by 30.3% during the third quarter. Nisa Investment Advisors LLC now owns 4,542 shares of the technology company's stock worth $135,000 after acquiring an additional 1,056 shares during the period. GAMMA Investing LLC raised its position in HealthStream by 5.2% during the third quarter. GAMMA Investing LLC now owns 21,686 shares of the technology company's stock valued at $644,000 after acquiring an additional 1,076 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in HealthStream in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company's offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.

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