Insider Selling: HealthStream (NASDAQ:HSTM) EVP Sells 21,300 Shares of Company Stock

HealthStream, Inc. (NASDAQ:HSTM) EVP Michael Manning Collier sold 21,300 shares of HealthStream stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $29.97, for a total transaction of $638,361.00. Following the completion of the sale, the executive vice president directly owned 59,260 shares of the company’s stock, valued at approximately $1,776,022.20. This trade represents a 26.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

HealthStream Stock Down 2.4%

HSTM traded down $0.71 during mid-day trading on Friday, reaching $28.89. 249,732 shares of the company traded hands, compared to its average volume of 254,352. The stock has a market capitalization of $844.02 million, a P/E ratio of 41.27, a P/E/G ratio of 3.76 and a beta of 0.45. The company’s fifty day moving average price is $31.20 and its 200-day moving average price is $25.79. HealthStream, Inc. has a 52-week low of $19.50 and a 52-week high of $35.60.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $83.31 million for the quarter, compared to the consensus estimate of $82.24 million. HealthStream had a return on equity of 6.37% and a net margin of 6.25%. As a group, sell-side analysts forecast that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be issued a $0.0350 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. HealthStream’s dividend payout ratio is currently 20.00%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HSTM. Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Freedom Capital raised shares of HealthStream to a “hold” rating in a research report on Tuesday, October 13th. Craig Hallum cut shares of HealthStream from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Tuesday. Finally, Canaccord Genuity Group raised their price objective on shares of HealthStream from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Institutional Investors Weigh In On HealthStream

Several hedge funds and other institutional investors have recently modified their holdings of HSTM. Essential Partners LLC bought a new position in HealthStream in the 1st quarter worth $25,000. Integrated Wealth Concepts LLC purchased a new position in HealthStream during the second quarter valued at $27,000. MassMutual Private Wealth & Trust FSB lifted its position in HealthStream by 76.4% during 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 in the last quarter. Global Retirement Partners LLC bought a new stake in HealthStream during the second quarter valued at about $31,000. Finally, Meeder Asset Management Inc. bought a new stake in HealthStream during the first quarter valued at about $81,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.