HealthStream (NASDAQ:HSTM) Hits New 1-Year High – What’s Next?

HealthStream, Inc. (NASDAQ:HSTM)’s share price reached a new 52-week high on Monday . The company traded as high as $33.09 and last traded at $33.02, with a volume of 32091 shares traded. The stock had previously closed at $32.19.

Analyst Ratings Changes

HSTM has been the topic of a number of recent analyst reports. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays boosted their price objective on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group lifted their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, HealthStream has an average rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Trading Up 1.1 %

The stock has a market capitalization of $989.40 million, a PE ratio of 50.05, a P/E/G ratio of 4.28 and a beta of 0.35. The company has a 50 day simple moving average of $29.70 and a 200 day simple moving average of $28.70.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. During the same quarter last year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.028 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.34%. HealthStream’s payout ratio is 16.92%.

Insider Transactions at HealthStream

In other news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the sale, the director now owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On HealthStream

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after buying an additional 359 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of HealthStream by 10.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock valued at $270,000 after purchasing an additional 876 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of HealthStream by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock worth $432,000 after buying an additional 918 shares during the last quarter. Quarry LP bought a new stake in HealthStream during the third quarter worth approximately $27,000. Finally, Ellsworth Advisors LLC grew its stake in HealthStream by 5.1% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company’s stock valued at $578,000 after buying an additional 972 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

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.