HealthStream, Inc. (NASDAQ:HSTM) Given Average Rating of “Moderate Buy” by Analysts

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

A number of research firms have commented on HSTM. William Blair restated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Canaccord Genuity Group cut their price objective on shares of HealthStream from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Thursday, May 15th.

HealthStream Price Performance

NASDAQ HSTM opened at $28.13 on Wednesday. The stock has a market capitalization of $858.67 million, a P/E ratio of 43.28, a P/E/G ratio of 4.37 and a beta of 0.43. The business has a 50 day simple moving average of $30.06 and a 200 day simple moving average of $31.58. HealthStream has a one year low of $25.84 and a one year high of $34.24.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results 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 business had revenue of $73.49 million for 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 quarter in the previous year, the company posted $0.17 earnings per share. Equities analysts expect that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream’s dividend payout ratio is currently 19.05%.

HealthStream announced that its board has initiated a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of HealthStream by 0.6% during the fourth quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock valued at $2,368,000 after buying an additional 412 shares during the last quarter. Principal Financial Group Inc. lifted its position in HealthStream by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 126,673 shares of the technology company’s stock valued at $4,028,000 after acquiring an additional 4,407 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in HealthStream by 4.8% during the 4th quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company’s stock valued at $507,000 after purchasing an additional 708 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in HealthStream by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 219,575 shares of the technology company’s stock valued at $6,982,000 after purchasing an additional 2,410 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in HealthStream by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 223,262 shares of the technology company’s stock worth $7,100,000 after purchasing an additional 4,815 shares in the last quarter. Institutional investors and hedge funds 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.