HealthStream (NASDAQ:HSTM) Reaches New 1-Year High at $29.36

HealthStream, Inc. (NASDAQ:HSTM) hit a new 52-week high on Tuesday . The company traded as high as $29.36 and last traded at $29.26, with a volume of 4385 shares changing hands. The stock had previously closed at $28.74.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 6th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $32.00.

HealthStream Stock Up 1.5 %

The company has a market cap of $887.07 million, a P/E ratio of 49.55, a PEG ratio of 4.42 and a beta of 0.38. The company has a 50 day moving average price of $27.57 and a 200-day moving average price of $26.82.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. On average, research analysts expect that HealthStream, Inc. will post 0.54 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were issued a $0.028 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.11 annualized dividend and a dividend yield of 0.38%. HealthStream’s dividend payout ratio (DPR) is 18.97%.

Insider Activity

In other news, SVP Scott Fenstermacher sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the sale, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at $340,679.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On HealthStream

Several hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. raised its position in HealthStream by 197.8% during the second quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock valued at $4,628,000 after buying an additional 110,189 shares during the period. First Eagle Investment Management LLC increased its position in HealthStream by 21.5% in the 1st quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock worth $13,192,000 after purchasing an additional 87,400 shares during the last quarter. Wakefield Asset Management LLLP acquired a new position in HealthStream in the 1st quarter worth about $909,000. Vanguard Group Inc. increased its position in HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after purchasing an additional 31,943 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in HealthStream by 9.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock worth $8,280,000 after purchasing an additional 27,274 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.