Inspire Investing LLC Increases Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Inspire Investing LLC grew its position in HealthStream, Inc. (NASDAQ:HSTM) by 54.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,072 shares of the technology company’s stock after acquiring an additional 15,606 shares during the quarter. Inspire Investing LLC owned about 0.14% of HealthStream worth $1,271,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of HealthStream by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after purchasing an additional 31,943 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of HealthStream by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock worth $43,824,000 after buying an additional 15,379 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of HealthStream by 7.1% in the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after purchasing an additional 35,350 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in HealthStream by 8.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 188,881 shares of the technology company’s stock valued at $5,036,000 after buying an additional 15,150 shares during the last quarter. Finally, Sei Investments Co. increased its position in HealthStream by 3.8% during the 2nd quarter. Sei Investments Co. now owns 178,019 shares of the technology company’s stock worth $4,967,000 after purchasing an additional 6,592 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Canaccord Genuity Group lifted their price objective on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Activity

In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares in the company, valued at approximately $267,041.81. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at approximately $267,041.81. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the transaction, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company’s stock.

HealthStream Trading Up 0.5 %

Shares of NASDAQ:HSTM opened at $28.53 on Monday. The firm has a market cap of $867.25 million, a PE ratio of 49.19, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36. HealthStream, Inc. has a 12-month low of $21.92 and a 12-month high of $31.15. The company has a fifty day simple moving average of $28.53 and a 200 day simple moving average of $27.73.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The firm had revenue of $71.56 million for the quarter, compared to analysts’ expectations of $72.85 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that HealthStream, Inc. will post 0.56 EPS for the current fiscal year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.028 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.11 dividend on an annualized basis and a yield of 0.39%. HealthStream’s dividend payout ratio is currently 18.97%.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.