HealthStream (NASDAQ:HSTM) Hits New 1-Year Low – Here’s What Happened

HealthStream, Inc. (NASDAQ:HSTM)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $19.92 and last traded at $19.91, with a volume of 6080 shares traded. The stock had previously closed at $20.30.

Analysts Set New Price Targets

HSTM has been the subject of a number of analyst reports. Canaccord Genuity Group set a $25.00 price objective on shares of HealthStream in a research report on Thursday, January 8th. Citigroup reissued a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Finally, Wall Street Zen lowered shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

HealthStream Price Performance

The firm has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $25.36. The firm has a market cap of $588.21 million, a price-to-earnings ratio of 29.15, a P/E/G ratio of 2.17 and a beta of 0.44.

HealthStream declared that its board has authorized a share repurchase program on Tuesday, November 11th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In related news, Director Tate Deborah Taylor sold 1,580 shares of HealthStream stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $25.46, for a total value of $40,226.80. Following the completion of the transaction, the director owned 23,127 shares in the company, valued at $588,813.42. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeff Cunningham sold 2,100 shares of the company’s stock in a transaction 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 transaction, the chief technology officer owned 31,489 shares of the company’s stock, valued at approximately $758,570.01. The trade was a 6.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,680 shares of company stock valued at $139,336 in the last quarter. Insiders own 20.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HSTM. Hantz Financial Services Inc. lifted its position in shares of HealthStream by 2,035.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,262 shares in the last quarter. MQS Management LLC purchased a new stake in HealthStream during the 4th quarter worth $399,000. First Eagle Investment Management LLC grew its stake in shares of HealthStream by 1.1% in the fourth quarter. First Eagle Investment Management LLC now owns 413,698 shares of the technology company’s stock valued at $9,544,000 after buying an additional 4,300 shares in the last quarter. Danske Bank A S raised its stake in shares of HealthStream by 175.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock valued at $25,000 after purchasing an additional 700 shares during the period. Finally, Copeland Capital Management LLC increased its stake in HealthStream by 6.2% during the 4th quarter. Copeland Capital Management LLC now owns 887,553 shares of the technology company’s stock worth $20,476,000 after buying an additional 51,470 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Company Profile

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.