Analysts Set HealthStream, Inc. (NASDAQ:HSTM) PT at $31.50

Shares of HealthStream, Inc. (NASDAQ:HSTM) have earned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $31.50.

Several analysts recently weighed in on the stock. Canaccord Genuity Group cut their price target 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. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th.

HealthStream Stock Up 2.2%

Shares of NASDAQ HSTM opened at $29.13 on Friday. The company has a market cap of $889.19 million, a price-to-earnings ratio of 44.82, a PEG ratio of 4.37 and a beta of 0.50. The firm’s fifty day moving average is $31.23 and its 200 day moving average is $31.97. HealthStream has a 52 week low of $25.84 and a 52 week high of $34.24.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The business had revenue of $73.49 million during the quarter, compared to the consensus estimate of $74.93 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period in the previous year, the business earned $0.17 earnings per share. Equities research analysts anticipate that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, May 19th. HealthStream’s dividend payout ratio (DPR) is presently 19.05%.

HealthStream announced that its board has authorized a stock repurchase program on Thursday, May 8th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in HealthStream by 0.6% in the fourth quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock worth $2,368,000 after acquiring an additional 412 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of HealthStream by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company’s stock worth $1,421,000 after buying an additional 413 shares in the last quarter. Diversified Trust Co grew its holdings in shares of HealthStream by 5.0% during the first quarter. Diversified Trust Co now owns 9,174 shares of the technology company’s stock valued at $295,000 after buying an additional 441 shares during the last quarter. Sterling Capital Management LLC raised its holdings in HealthStream by 3.0% in the 4th quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company’s stock worth $503,000 after acquiring an additional 459 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in HealthStream by 30.8% during the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company’s stock valued at $67,000 after purchasing an additional 490 shares during 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.