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

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

HealthStream Stock Down 1.0%

NASDAQ HSTM opened at $23.67 on Friday. The company has a market capitalization of $691.52 million, a P/E ratio of 35.33, a P/E/G ratio of 2.71 and a beta of 0.41. HealthStream, Inc. has a 12-month low of $19.50 and a 12-month high of $29.63. The firm has a 50-day moving average price of $21.53 and a two-hundred day moving average price of $22.41.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $81.20 million during the quarter, compared to the consensus estimate of $79.68 million. HealthStream had a net margin of 6.39% and a return on equity of 6.47%. Equities analysts expect that HealthStream, Inc. will post 0.74 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.14 dividend on an annualized basis and a yield of 0.6%. HealthStream’s payout ratio is currently 20.90%.

HealthStream announced that its board has initiated a share buyback plan on Friday, March 13th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the technology company to buy up to 1.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several analyst reports. Weiss Ratings cut shares of HealthStream from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Canaccord Genuity Group boosted their target price on shares of HealthStream to $24.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, HealthStream has a consensus rating of “Reduce” and a consensus price target of $24.00.

Hedge Funds Weigh In On HealthStream

Several hedge funds and other institutional investors have recently made changes to their positions in HSTM. Danske Bank A S increased its position in HealthStream by 175.0% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after purchasing an additional 700 shares in the last quarter. Essential Partners LLC acquired a new position in HealthStream during the 1st quarter worth approximately $25,000. Hantz Financial Services Inc. increased its position in HealthStream by 2,035.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,262 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in HealthStream during the 3rd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC increased its position in HealthStream by 241.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,702 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.