HealthStream (NASDAQ:HSTM) Stock Crosses Above 200 Day Moving Average of $26.60

HealthStream, Inc. (NASDAQ:HSTM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.60 and traded as high as $27.81. HealthStream shares last traded at $27.70, with a volume of 77,718 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HSTM. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 30th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Price Performance

The company has a market cap of $842.08 million, a PE ratio of 47.76, a PEG ratio of 4.27 and a beta of 0.38. The business has a 50-day moving average of $26.61 and a 200 day moving average of $26.60.

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

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, May 3rd. HealthStream’s dividend payout ratio (DPR) is 18.97%.

Insider Activity at HealthStream

In related news, SVP Scott Fenstermacher sold 1,000 shares of the stock in a transaction that occurred 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 transaction, 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 filing with the SEC, which is available through this link. 20.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HealthStream

A number of institutional investors and hedge funds have recently modified their holdings of HSTM. Exchange Traded Concepts LLC lifted its stake in shares of HealthStream by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock worth $1,590,000 after acquiring an additional 463 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of HealthStream by 2.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 194,988 shares of the technology company’s stock worth $4,208,000 after acquiring an additional 4,717 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of HealthStream by 14.8% in the 4th quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock worth $11,013,000 after acquiring an additional 52,652 shares in the last quarter. Invesco Ltd. raised its position in shares of HealthStream by 3.4% in the 3rd quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock worth $6,685,000 after acquiring an additional 10,265 shares in the last quarter. Finally, Barclays PLC raised its position in shares of HealthStream by 3.4% in the 3rd quarter. Barclays PLC now owns 29,808 shares of the technology company’s stock worth $643,000 after acquiring an additional 985 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.