Short Interest in HealthStream, Inc. (NASDAQ:HSTM) Declines By 12.1%

HealthStream, Inc. (NASDAQ:HSTM) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 284,100 shares, a decrease of 12.1% from the June 15th total of 323,200 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 116,300 shares, the days-to-cover ratio is presently 2.4 days.

HealthStream Trading Up 2.2 %

Shares of NASDAQ HSTM traded up $0.65 during midday trading on Wednesday, reaching $30.84. 153,512 shares of the company were exchanged, compared to its average volume of 107,921. The stock has a market cap of $937.47 million, a P/E ratio of 53.17, a PEG ratio of 4.44 and a beta of 0.38. HealthStream has a 1 year low of $20.47 and a 1 year high of $31.13. The stock has a fifty day simple moving average of $27.71 and a 200 day simple moving average of $26.87.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. During the same period last year, the business posted $0.12 EPS. The company’s revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that HealthStream will post 0.54 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were given a dividend of $0.028 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a yield of 0.36%. HealthStream’s payout ratio is currently 18.97%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 6th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, HealthStream has a consensus rating of “Buy” and a consensus price target of $32.00.

Insider Buying and Selling at HealthStream

In other news, SVP Scott Fenstermacher sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the sale, the senior vice president now owns 13,008 shares in the company, valued at approximately $340,679.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.60% of the stock is currently owned by insiders.

Institutional Trading of HealthStream

Several hedge funds and other institutional investors have recently made changes to their positions in HSTM. GAMMA Investing LLC grew its holdings in HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after acquiring an additional 630 shares during the period. Parallel Advisors LLC boosted its position in shares of HealthStream by 79.4% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after purchasing an additional 501 shares in the last quarter. CWM LLC boosted its position in shares of HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,173 shares in the last quarter. Diversified Trust Co acquired a new position in shares of HealthStream during the 1st quarter worth $213,000. Finally, EntryPoint Capital LLC increased its holdings in shares of HealthStream by 80.4% in the 1st quarter. EntryPoint Capital LLC now owns 8,045 shares of the technology company’s stock valued at $214,000 after purchasing an additional 3,586 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.