The Vanguard Group, Inc. recently announced the acquisition of new stake in HealthStream Inc. (NASDAQ:HSTM). The institutional investor has increased its shareholding in the Healthcare company by 0.39% to 2.68 million shares with purchase of 10370.0 shares. This fresh investment now brings its stake to 8.76% valued currently at $66.5 million. In addition, Dimensional Fund Advisors LP raised its holdings by 17699.0 to 1.52 million shares. And Acadian Asset Management LLC has lifted its position by 6.04% or 46228.0 shares – to 0.81 million shares.
With over 0.1 million HealthStream Inc. (HSTM) shares trading Monday and a closing price of $24.07 on the day, the dollar volume was approximately $2.52 million. The shares have shown a positive half year performance of 2.16% and its price on 01/23/23 gained nearly 0.21%. Currently, there are 30.57M common shares owned by the public and among those 24.14M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for HSTM have a consensus price objective of $29.50. The analysts have set the share’s price value over the next 12 months at a high of $36.00 and a low of $23.00. The average price target is 18.41% above its recent price level and a downside to the estimated low will see the stock lose -4.65% over that period. But an upside of 33.14% will see the stock hit the forecast high price target while median target price for the stock is $29.50.
Insiders at the company have transacted a total of 59 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 93,321 shares. Insider sales of the common stock occurred on 21 occasions, with total insider shares sold totaling 31,223 shares.
The top 3 mutual fund holders in HealthStream Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Small Cap ETF owns 1.8 million shares of the company’s stock, all valued at over $44.77 million. The company sold 1368.0 shares recently to bring their total holdings to about 5.90% of the shares outstanding. Vanguard Small Cap Index Fund bought 2188.0 shares to bring its total holdings to over 0.63 million shares at a value of $15.65 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.06% of the shares outstanding.
Shares of HealthStream Inc. (NASDAQ: HSTM) opened at $23.94, down -$0.08 from a prior closing price of $24.02. However, the script later moved the day high at 24.16, up 0.21%. The company’s stock has a 5-day price change of -1.23% and 9.56% over the past three months. HSTM shares are trading -3.10% year to date (YTD), with the 12-month market performance down to -0.33% lower. It has a 12-month low price of $18.51 and touched a high of $26.62 over the same period. HSTM has an average intraday trading volume of 113.59K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.83%, -2.71%, and 7.59% respectively.
Institutional ownership of HealthStream Inc. (NASDAQ: HSTM) shares accounts for 73.00% of the company’s 30.57M shares outstanding. Mutual fund holders own 33.45%, while other institutional holders and individual stakeholders account for 38.95% and 26.55% respectively.
It has a market capitalization of $734.86M and a beta (3y monthly) value of 0.51. The stock’s trailing 12-month PE ratio is 79.70, while the earnings-per-share (ttm) stands at $0.30. The company has a PEG of 7.97 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.73% over the week and 1.94% over the month.
Analysts forecast that HealthStream Inc. (HSTM) will achieve an EPS of $0.05 for the current quarter, $0.08 for the next quarter and $0.33 for 2023. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -58.00%, and -10.87% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to 4.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate HealthStream Inc. (HSTM) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Needham was of a view on October 25, 2017 that the stock is Hold, while First Analysis Sec gave the stock Equal-Weight rating on July 26, 2017, issuing a price target of $19. Needham on their part issued Buy rating on July 26, 2017.