HealthStream (NASDAQ:HSTM) to Repurchase $25.00 million in Outstanding Shares

HealthStream (NASDAQ:HSTM) announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 8th, RTT News reports. The company plans to buyback $25.00 million in outstanding shares. This buyback authorization allows the technology company to buy up to 3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

HSTM has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their price target on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. JMP Securities restated a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, William Blair reiterated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, HealthStream has a consensus rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Stock Performance

Shares of NASDAQ:HSTM opened at $27.84 on Friday. The company has a market capitalization of $849.82 million, a PE ratio of 42.83, a price-to-earnings-growth ratio of 4.37 and a beta of 0.50. The stock has a fifty day moving average of $31.76 and a 200-day moving average of $31.97. HealthStream has a one year low of $25.84 and a one year high of $34.24.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, May 5th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The company had revenue of $73.49 million for the quarter, compared to analysts’ expectations of $74.93 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same period in the prior year, the company earned $0.17 earnings per share. As a group, research analysts forecast that HealthStream will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.031 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 0.45%. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

HealthStream Company Profile

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.