HealthStream (NASDAQ:HSTM) Hits New 52-Week High – What’s Next?

HealthStream, Inc. (NASDAQ:HSTM)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $32.93 and last traded at $32.77, with a volume of 9011 shares trading hands. The stock had previously closed at $32.60.

Analysts Set New Price Targets

A number of analysts recently commented on HSTM shares. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Barclays raised their price target on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group boosted their price objective on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum upgraded HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Trading Down 0.1 %

The firm’s 50 day moving average price is $29.15 and its two-hundred day moving average price is $28.41. The company has a market capitalization of $991.08 million, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 4.34 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. As a group, equities research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Monday, November 4th. HealthStream’s payout ratio is currently 16.92%.

Insider Transactions at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On HealthStream

Several institutional investors and hedge funds have recently bought and sold shares of HSTM. FMR LLC grew its stake in HealthStream by 24.0% in the third quarter. FMR LLC now owns 119,067 shares of the technology company’s stock worth $3,434,000 after purchasing an additional 23,055 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of HealthStream in the 3rd quarter valued at $269,000. Charles Schwab Investment Management Inc. lifted its holdings in HealthStream by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 218,447 shares of the technology company’s stock worth $6,300,000 after buying an additional 6,832 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of HealthStream by 81.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,615 shares of the technology company’s stock worth $1,114,000 after purchasing an additional 17,286 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in HealthStream by 1.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 125,164 shares of the technology company’s stock valued at $3,610,000 after purchasing an additional 2,020 shares during the period. Hedge funds and other 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.