HealthStream (NASDAQ:HSTM) Hits New 52-Week High – Still a Buy?

HealthStream, Inc. (NASDAQ:HSTM) shares 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.

Analyst Ratings Changes

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

HealthStream Trading Down 1.7 %

The firm’s fifty day moving average price is $29.29 and its 200 day moving average price is $28.46. The firm has a market capitalization of $974.35 million, a PE ratio of 49.28, a P/E/G ratio of 4.33 and a beta of 0.35.

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

HealthStream Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Monday, November 4th. HealthStream’s dividend payout ratio is presently 16.92%.

Insiders Place Their Bets

In related news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value 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 represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 20.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HealthStream

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after purchasing an additional 630 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of HealthStream in the second quarter valued at about $38,000. Copeland Capital Management LLC purchased a new stake in shares of HealthStream in the third quarter valued at about $63,000. CWM LLC grew its holdings in shares of HealthStream by 405.4% in the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,173 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of HealthStream in the second quarter valued at about $214,000. Hedge funds and other 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.