Share Repurchase Program Announced by HealthStream (NASDAQ:HSTM) Board of Directors

HealthStream (NASDAQ:HSTM) announced that its board has approved a share repurchase plan on Friday, March 13th, RTT News reports. The company plans to repurchase $10.00 million in shares. This repurchase authorization allows the technology company to purchase up to 1.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group set a $25.00 price objective on shares of HealthStream in a report on Thursday, January 8th. Citigroup reiterated a “market perform” rating on shares of HealthStream in a research note on Tuesday, January 6th. Wall Street Zen lowered shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings raised shares of HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

HealthStream Stock Performance

Shares of HSTM stock opened at $20.30 on Friday. The stock’s 50-day simple moving average is $21.35 and its 200-day simple moving average is $24.39. The firm has a market capitalization of $602.30 million, a PE ratio of 33.28, a P/E/G ratio of 2.33 and a beta of 0.45. HealthStream has a fifty-two week low of $19.50 and a fifty-two week high of $34.13.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, February 23rd. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $79.71 million for the quarter, compared to analyst estimates of $76.21 million. HealthStream had a net margin of 6.03% and a return on equity of 5.98%. Sell-side analysts forecast that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, March 9th. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s payout ratio is presently 22.95%.

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.