HealthStream (NASDAQ:HSTM) Director Sells $50,000.00 in Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 2,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the director owned 54,181 shares of the company’s stock, valued at $1,354,525. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HealthStream Stock Up 1.4%

Shares of HSTM traded up $0.36 during mid-day trading on Tuesday, hitting $25.33. The company had a trading volume of 302,460 shares, compared to its average volume of 288,641. HealthStream, Inc. has a 1-year low of $19.50 and a 1-year high of $29.63. The business’s 50-day simple moving average is $22.07 and its 200-day simple moving average is $22.38. The stock has a market cap of $740.00 million, a PE ratio of 37.81, a P/E/G ratio of 2.83 and a beta of 0.47.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $81.20 million for the quarter, compared to analyst estimates of $79.68 million. HealthStream had a net margin of 6.39% and a return on equity of 6.47%. On average, sell-side analysts expect that HealthStream, Inc. will post 0.74 earnings per share for the current year.

HealthStream announced that its Board of Directors has authorized a share repurchase program on Friday, March 13th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the technology company to repurchase up to 1.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, May 18th. HealthStream’s dividend payout ratio (DPR) is currently 20.90%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings downgraded HealthStream from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Canaccord Genuity Group raised their price target on shares of HealthStream to $24.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $24.00.

Hedge Funds Weigh In On HealthStream

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in HealthStream by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock worth $259,000 after buying an additional 586 shares in the last quarter. Danske Bank A S raised its position in HealthStream by 175.0% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after purchasing an additional 700 shares in the last quarter. Snowden Capital Advisors LLC grew its position in HealthStream by 8.7% in the second quarter. Snowden Capital Advisors LLC now owns 10,196 shares of the technology company’s stock valued at $282,000 after acquiring an additional 816 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in HealthStream by 7.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 12,373 shares of the technology company’s stock worth $349,000 after acquiring an additional 897 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of HealthStream by 1.9% in the second quarter. Jane Street Group LLC now owns 48,533 shares of the technology company’s stock valued at $1,343,000 after acquiring an additional 922 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Company Profile

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.