HealthStream (NASDAQ:HSTM) Reaches New 52-Week Low – Here’s Why

HealthStream, Inc. (NASDAQ:HSTM) shares reached a new 52-week low on Monday . The stock traded as low as $23.60 and last traded at $23.7930, with a volume of 180499 shares. The stock had previously closed at $23.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HSTM shares. Canaccord Genuity Group restated a “hold” rating and set a $28.00 target price on shares of HealthStream in a research note on Wednesday, December 17th. Wall Street Zen cut HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HealthStream in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

HealthStream Stock Performance

The firm has a market cap of $696.50 million, a price-to-earnings ratio of 34.52, a PEG ratio of 2.87 and a beta of 0.45. The business has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $26.47.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $76.47 million for the quarter, compared to analysts’ expectations of $75.52 million. HealthStream had a return on equity of 5.82% and a net margin of 6.93%. On average, equities analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a $0.031 dividend. This represents a $0.12 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, November 17th. HealthStream’s dividend payout ratio is 17.65%.

HealthStream announced that its board has authorized a share buyback plan on Tuesday, November 11th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at HealthStream

In other HealthStream news, CTO Jeff Cunningham sold 2,100 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total transaction of $50,589.00. Following the completion of the sale, the chief technology officer owned 31,489 shares of the company’s stock, valued at approximately $758,570.01. This represents a 6.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tate Deborah Taylor sold 1,580 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $25.46, for a total transaction of $40,226.80. Following the completion of the transaction, the director owned 23,127 shares in the company, valued at $588,813.42. This trade represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,680 shares of company stock worth $139,336. Insiders own 20.60% of the company’s stock.

Institutional Trading of HealthStream

Several hedge funds have recently modified their holdings of HSTM. Aquatic Capital Management LLC acquired a new stake in HealthStream in the third quarter worth $40,000. Tower Research Capital LLC TRC raised its holdings in shares of HealthStream by 241.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock valued at $67,000 after purchasing an additional 1,702 shares during the period. State of Wyoming bought a new position in shares of HealthStream during the 2nd quarter worth about $106,000. PNC Financial Services Group Inc. grew its stake in shares of HealthStream by 149.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,760 shares of the technology company’s stock valued at $134,000 after buying an additional 2,854 shares during the period. Finally, Virtus Advisers LLC bought a new stake in HealthStream in the 3rd quarter valued at about $142,000. Institutional investors own 69.58% of the company’s stock.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.