Is HealthStream Inc. (HSTM) a good stock to buy now?

HealthStream Inc. (NASDAQ: HSTM) is -19.15% lower on its value in year-to-date trading and has touched a low of $20.03 and a high of $29.78 in the current 52-week trading range. The HSTM stock was last observed hovering at around $22.13 in the last trading session, with the day’s loss setting it -0.14% off its average median price target of $25.00 for the next 12 months. It is also 33.36% off the consensus price target high of $33.00 offered by 6 analysts, but current levels are 12.04% higher than the price target low of $25.00 for the same period.

Currently trading at $21.99, the stock is -0.70% and -3.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.1 million and changing -0.63% at the moment leaves the stock -13.23% off its SMA200. HSTM registered -15.26% loss for a year compared to 6-month loss of -19.15%. The firm has a 50-day simple moving average (SMA 50) of $22.33 and a 200-day simple moving average (SMA200) of $24.45.

The stock witnessed a -2.87% gain in the last 1 month and extending the period to 3 months gives it a -3.89%, and is 3.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.09% over the week and 3.22% over the month.

HealthStream Inc. (HSTM) has around 849 employees, a market worth around $716.65M and $250.50M in sales. Current P/E ratio is 43.20 and Fwd P/E is 139.18. Profit margin for the company is 6.70%. Distance from 52-week low is 9.79% and -26.16% from its 52-week high. The company has generated returns on investments over the last 12 months (3.20%).

HealthStream Inc. (HSTM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for HealthStream Inc. (HSTM) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.50, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

HealthStream Inc. is expected to release its quarterly report on 07/27/2020 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $56.63M over the same period.The EPS is expected to grow by 6.80% this year, but quarterly earnings will post -8.20% year-over-year. Quarterly sales are estimated to shrink -11.20% in year-over-year returns.

HealthStream Inc. (HSTM) Top Institutional Holders

229 institutions hold shares in HealthStream Inc. (HSTM), with 6.53M shares held by insiders accounting for 20.40% while institutional investors hold 92.70% of the company’s shares. The shares outstanding are 32.33M, and float is at 25.54M with Short Float at 1.66%. Institutions hold 73.79% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.0 million shares valued at $95.9 million. The investor’s holdings represent 12.51% of the HSTM Shares outstanding. As of Mar 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 2.79 million shares valued at $66.83 million to account for 8.72% of the shares outstanding. The other top investors are Brown Brothers Harriman & Co which holds 1.77 million shares representing 5.53% and valued at over $42.35 million, while Dimensional Fund Advisors LP holds 4.65% of the shares totaling 1.49 million with a market value of $35.64 million.

HealthStream Inc. (HSTM) Insider Activity

A total of 26 insider transactions have happened at HealthStream Inc. (HSTM) in the last six months, with sales accounting for 9 and purchases happening 17 times. The most recent transaction is an insider sale by Taylor Tate Deborah, the company’s Director. SEC filings show that Taylor Tate Deborah sold 6,495 shares of the company’s common stock on Oct 31 at a price of $28.29 per share for a total of $0.18 million. Following the sale, the insider now owns 16181.0 shares.

HealthStream Inc. disclosed in a document filed with the SEC on Aug 12 that MCLAREN JEFFREY L (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 12 and was made at $28.58 per share for $0.14 million. Following the transaction, the insider now directly holds 14193.0 shares of the HSTM stock.

HealthStream Inc. (HSTM): Who are the competitors?

The company’s main competitors (and peers) include Community Health Systems Inc. (CYH) that is trading 14.29% up over the past 12 months. Short interest in the company’s stock has fallen -62.31% from the last report on May 14, 2020 to stand at a total of 0.69 million short shares sold with a short interest ratio of 2.06.