HealthStream (NASDAQ:HSTM) Board of Directors Authorizes Share Buyback Program

HealthStream's Board of Directors has authorized a $10 million share buyback program, allowing the company to repurchase up to 1.3% of its stock. This move typically indicates that management believes the stock is undervalued. The company also declared a quarterly dividend of $0.031 per share, with a yield of 0.5%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average price target of $28.00. HealthStream's stock recently traded at $25.18, up 2.6%.

HealthStream (NASDAQ:HSTM - Get Free Report) announced that its board has authorized a share buyback program on Tuesday, November 11th, RTT News reports. The company plans to buyback $10.00 million in shares. This buyback authorization permits the technology company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HSTM. Weiss Ratings restated a "hold (c)" rating on shares of HealthStream in a research note on Wednesday, October 8th. Wall Street Zen raised shares of HealthStream from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Canaccord Genuity Group lowered their target price on shares of HealthStream from $29.00 to $28.00 and set a "hold" rating on the stock in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $28.00.

Check Out Our Latest Stock Analysis on HealthStream

HealthStream Trading Up 2.6%

HSTM stock traded up $0.64 during mid-day trading on Tuesday, hitting $25.18. The stock had a trading volume of 201,128 shares, compared to its average volume of 181,549. The firm has a fifty day simple moving average of $27.13 and a 200 day simple moving average of $27.51. The firm has a market capitalization of $746.36 million, a P/E ratio of 37.58, a P/E/G ratio of 3.08 and a beta of 0.43. HealthStream has a 52 week low of $24.07 and a 52 week high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, November 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. The business had revenue of $76.47 million for the quarter, compared to analysts' expectations of $75.52 million. HealthStream has set its FY 2025 guidance at EPS. As a group, equities analysts expect that HealthStream will post 0.63 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.031 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream's payout ratio is 17.65%.

Insider Buying and Selling at HealthStream

In related news, EVP Kevin P. O'hara sold 2,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total transaction of $55,940.00. Following the completion of the sale, the executive vice president directly owned 17,137 shares in the company, valued at $479,321.89. This represents a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.50% of the stock is currently owned by corporate insiders.

About HealthStream

Get Free Report)

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.

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