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

HealthStream, Inc. (NASDAQ:HSTM) shares hit a new 52-week low during trading on Friday . The stock traded as low as $25.78 and last traded at $26.10, with a volume of 292036 shares traded. The stock had previously closed at $27.42.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group lowered their target price on shares of HealthStream from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, HealthStream presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Stock Down 3.0%

The business’s 50 day moving average is $29.43 and its 200-day moving average is $31.27. The firm has a market capitalization of $811.83 million, a P/E ratio of 42.22, a PEG ratio of 3.44 and a beta of 0.43.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $73.49 million during the quarter, compared to the consensus estimate of $74.93 million. HealthStream had a net margin of 6.54% and a return on equity of 5.36%. During the same period last year, the business earned $0.17 earnings per share. Research analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.031 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 dividend on an annualized basis and a yield of 0.47%. HealthStream’s dividend payout ratio (DPR) is 19.05%.

HealthStream declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 8th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HSTM. First Horizon Advisors Inc. increased its stake in HealthStream by 99.6% in the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company’s stock valued at $34,000 after acquiring an additional 527 shares during the last quarter. GAMMA Investing LLC boosted its position in HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company’s stock valued at $67,000 after buying an additional 490 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in HealthStream in the fourth quarter valued at approximately $80,000. PNC Financial Services Group Inc. boosted its position in HealthStream by 62.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock valued at $84,000 after buying an additional 1,010 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in HealthStream in the fourth quarter valued at approximately $114,000. 69.58% of the stock is owned by institutional investors.

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.