HealthStream (NASDAQ:HSTM) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• HealthStream shares moved above their 200-day moving average, reaching $29.80 and last trading at $29.63 versus a 200-day average of $25.02.
• Analysts remain cautious, with a consensus “Hold” rating and a $27.00 price target, although one research service upgraded the stock to “Buy.”
• HealthStream exceeded quarterly expectations, reporting $0.23 in earnings per share versus a $0.17 estimate and revenue of $83.73 million versus $80.82 million expected; it also pays a $0.035 quarterly dividend.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.02 and traded as high as $29.80. HealthStream shares last traded at $29.63, with a volume of 173,966 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Canaccord Genuity Group raised their price target on HealthStream from $24.00 to $27.00 and gave the company a "hold" rating in a report on Tuesday, July 21st. Wall Street Zen raised HealthStream from a "hold" rating to a "buy" rating in a research note on Sunday, August 30th. Finally, Weiss Ratings upgraded HealthStream from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 28th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $27.00.

HealthStream Stock Up 1.8%

The firm's fifty day moving average price is $28.61 and its 200 day moving average price is $25.02. The stock has a market cap of $865.79 million, a PE ratio of 41.15, a P/E/G ratio of 3.37 and a beta of 0.44.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The company 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%. As a group, analysts anticipate that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were given a dividend of $0.035 per share. The ex-dividend date was Monday, August 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream's dividend payout ratio (DPR) is presently 19.44%.

Insider Activity

In related news, Director Linda Rebrovick sold 6,000 shares of the business's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $29.00, for a total value of $174,000.00. Following the sale, the director directly owned 51,329 shares in the company, valued at approximately $1,488,541. The trade was a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.40% of the company's stock.

Hedge Funds Weigh In On HealthStream

Institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of HealthStream by 21.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 377,945 shares of the technology company's stock valued at $7,827,000 after acquiring an additional 65,806 shares during the last quarter. Quantinno Capital Management LP increased its position in HealthStream by 283.5% in the first quarter. Quantinno Capital Management LP now owns 50,169 shares of the technology company's stock worth $1,039,000 after purchasing an additional 37,088 shares during the last quarter. Lazard Asset Management LLC increased its position in HealthStream by 268.2% in the first quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company's stock worth $3,256,000 after purchasing an additional 114,511 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in HealthStream by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company's stock valued at $30,156,000 after purchasing an additional 87,177 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in HealthStream during the second quarter valued at $1,588,000. Hedge funds and other institutional investors own 69.58% of the company's stock.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its cloud-based offerings help hospitals, health systems and other healthcare providers manage employee training, education, credentialing, compliance and professional development.

The company's products and services include learning and talent-management tools, provider credentialing and enrollment solutions, performance assessment, clinical development resources, and patient-experience measurement services.

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