HealthStream (NASDAQ:HSTM) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

HealthStream, Inc. (NASDAQ:HSTM)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.45 and traded as high as $26.76. HealthStream shares last traded at $26.00, with a volume of 242,723 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HSTM. Canaccord Genuity Group lifted their price target on HealthStream to $24.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings raised HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, HealthStream has a consensus rating of “Hold” and an average price target of $24.00.

HealthStream Stock Performance

The stock’s 50-day moving average price is $23.35 and its 200-day moving average price is $22.45. The company has a market capitalization of $749.20 million, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.95 and a beta of 0.47.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, May 4th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $81.20 million for the quarter, compared to analysts’ expectations of $79.68 million. HealthStream had a return on equity of 6.47% and a net margin of 6.39%. Analysts anticipate that HealthStream, Inc. will post 0.74 earnings per share for the current year.

HealthStream Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, May 18th. HealthStream’s payout ratio is 20.90%.

HealthStream announced that its board has approved a stock repurchase program on Friday, March 13th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 1.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at HealthStream

In other HealthStream news, EVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $24.08, for a total value of $72,240.00. Following the sale, the executive vice president owned 20,982 shares of the company’s stock, valued at $505,246.56. This represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Linda Rebrovick sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the sale, the director owned 54,181 shares in the company, valued at $1,354,525. This represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HealthStream

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of HealthStream by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 432,822 shares of the technology company’s stock worth $12,223,000 after buying an additional 184,917 shares during the period. Copeland Capital Management LLC grew its position in HealthStream by 6.2% during the fourth quarter. Copeland Capital Management LLC now owns 887,553 shares of the technology company’s stock valued at $20,476,000 after acquiring an additional 51,470 shares during the period. First Eagle Investment Management LLC increased its stake in HealthStream by 1.1% during the fourth quarter. First Eagle Investment Management LLC now owns 413,698 shares of the technology company’s stock worth $9,544,000 after acquiring an additional 4,300 shares during the last quarter. Danske Bank A S increased its stake in HealthStream by 175.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after acquiring an additional 700 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of HealthStream by 18.5% in the 4th quarter. Teacher Retirement System of Texas now owns 222,575 shares of the technology company’s stock worth $5,135,000 after purchasing an additional 34,669 shares during the period. Hedge funds and other 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.