HealthStream (NASDAQ:HSTM) to Repurchase $10.00 million in Stock

HealthStream (NASDAQ:HSTM) announced that its board has initiated a share repurchase program on Friday, March 13th, RTT News reports. The company plans to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 1.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

HSTM has been the subject of several research reports. Weiss Ratings upgraded shares of HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Citigroup reaffirmed a “market perform” rating on shares of HealthStream in a research report on Tuesday, January 6th. Canaccord Genuity Group set a $25.00 target price on shares of HealthStream in a research note on Thursday, January 8th. Finally, Wall Street Zen downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

HealthStream Price Performance

Shares of NASDAQ:HSTM opened at $20.30 on Monday. HealthStream has a fifty-two week low of $19.50 and a fifty-two week high of $34.13. The business has a 50-day moving average of $21.35 and a two-hundred day moving average of $24.36. The stock has a market capitalization of $602.30 million, a P/E ratio of 33.28, a P/E/G ratio of 2.33 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, February 23rd. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 5.98% and a net margin of 6.03%.The business had revenue of $79.71 million for the quarter, compared to analyst estimates of $76.21 million. As a group, research analysts expect that HealthStream will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a $0.035 dividend. The ex-dividend date is Monday, March 9th. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.7%. HealthStream’s dividend payout ratio is presently 22.95%.

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.