HealthStream (NASDAQ:HSTM) EVP Kevin O’hara Sells 3,000 Shares

HealthStream, Inc. (NASDAQ:HSTM) EVP Kevin O’hara sold 3,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $24.08, for a total transaction of $72,240.00. Following the sale, the executive vice president owned 20,982 shares in the company, valued at approximately $505,246.56. This trade represents a 12.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

HealthStream Trading Down 2.1%

HSTM traded down $0.51 on Wednesday, hitting $23.92. 331,041 shares of the company’s stock were exchanged, compared to its average volume of 311,473. The firm has a market cap of $698.94 million, a PE ratio of 35.70, a P/E/G ratio of 2.69 and a beta of 0.41. HealthStream, Inc. has a twelve month low of $19.50 and a twelve month high of $29.63. The stock has a fifty day moving average of $21.45 and a two-hundred day moving average of $22.42.

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

HealthStream announced that its Board of Directors has approved a stock repurchase plan on Friday, March 13th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be paid a $0.035 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.14 annualized dividend and a dividend yield of 0.6%. HealthStream’s dividend payout ratio (DPR) is presently 20.90%.

Analyst Ratings Changes

Several equities research analysts have commented on HSTM shares. Weiss Ratings upgraded shares of HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. 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 research note on Wednesday, May 6th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, HealthStream presently has a consensus rating of “Hold” and a consensus target price of $24.00.

Institutional Trading of HealthStream

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in HealthStream by 2.0% during the first quarter. Bank of America Corp DE now owns 131,563 shares of the technology company’s stock worth $2,725,000 after buying an additional 2,608 shares in the last quarter. Royal Bank of Canada boosted its holdings in HealthStream by 56.2% during the first quarter. Royal Bank of Canada now owns 80,265 shares of the technology company’s stock worth $1,662,000 after buying an additional 28,894 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in HealthStream by 283.5% during the first quarter. Quantinno Capital Management LP now owns 50,169 shares of the technology company’s stock worth $1,039,000 after buying an additional 37,088 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in HealthStream by 268.2% during the first quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company’s stock worth $3,256,000 after buying an additional 114,511 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in HealthStream by 0.5% during the first quarter. Renaissance Technologies LLC now owns 477,848 shares of the technology company’s stock worth $9,896,000 after buying an additional 2,380 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

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.