HealthStream (NASDAQ:HSTM) Sets New 52-Week High – Time to Buy?

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

Analyst Upgrades and Downgrades

HSTM has been the subject of a number of research analyst reports. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Canaccord Genuity Group lifted their target price on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays raised their target price on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, HealthStream presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Trading Down 0.1 %

The company has a market capitalization of $991.08 million, a P/E ratio of 50.03, a P/E/G ratio of 4.34 and a beta of 0.35. The business’s fifty day moving average price is $29.15 and its 200-day moving average price is $28.41.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. The firm had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, equities research analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

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

Insider Activity

In related 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 sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 20.60% of the stock is owned by insiders.

Institutional Investors Weigh In On HealthStream

Institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of HealthStream by 141.2% in the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after purchasing an additional 234,148 shares during the period. First Eagle Investment Management LLC grew its stake in HealthStream by 21.5% during the first quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock valued at $13,192,000 after acquiring an additional 87,400 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of HealthStream by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after acquiring an additional 54,775 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of HealthStream by 97.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after buying an additional 33,161 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in HealthStream by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after purchasing an additional 31,943 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

About HealthStream

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.