HealthStream (NASDAQ:HSTM) Director Sells 12,000 Shares of Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 12,000 shares of HealthStream stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $35.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director directly owned 39,329 shares in the company, valued at $1,376,515. The trade was a 23.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HealthStream Trading Up 1.6%

HSTM stock traded up $0.57 on Friday, hitting $35.16. The company’s stock had a trading volume of 205,962 shares, compared to its average volume of 253,140. The firm has a 50 day moving average of $30.27 and a two-hundred day moving average of $27.03. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $35.23. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 48.83, a price-to-earnings-growth ratio of 3.88 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The company had revenue of $83.73 million for the quarter, compared to the consensus estimate of $80.82 million. As a group, equities analysts forecast that HealthStream, Inc. will post 0.72 EPS for the current fiscal year.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were paid a dividend of $0.0350 per share. The ex-dividend date was Monday, August 17th. This represents a $0.14 annualized dividend and a dividend yield of 0.4%. HealthStream’s dividend payout ratio is 19.44%.

Hedge Funds Weigh In On HealthStream

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its stake in shares of HealthStream by 76.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock valued at $28,000 after purchasing an additional 444 shares during the period. Integrated Wealth Concepts LLC acquired a new position in HealthStream during the second quarter worth about $27,000. Nisa Investment Advisors LLC increased its holdings in HealthStream by 30.3% in the third quarter. Nisa Investment Advisors LLC now owns 4,542 shares of the technology company’s stock valued at $135,000 after buying an additional 1,056 shares in the last quarter. GAMMA Investing LLC increased its holdings in HealthStream by 5.2% in the third quarter. GAMMA Investing LLC now owns 21,686 shares of the technology company’s stock valued at $644,000 after buying an additional 1,076 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in HealthStream in the second quarter valued at about $31,000. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HSTM shares. Canaccord Genuity Group raised their price target on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Freedom Capital raised HealthStream to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings raised HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen cut HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.00.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.