HealthStream (NASDAQ:HSTM) Director Sells $50,000.00 in Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 2,000 shares of HealthStream stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director directly owned 54,181 shares in the company, valued at $1,354,525. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HealthStream Stock Performance

Shares of HSTM opened at $25.29 on Friday. The stock has a market capitalization of $738.97 million, a P/E ratio of 37.75, a P/E/G ratio of 2.78 and a beta of 0.47. The company’s fifty day moving average is $22.32 and its two-hundred day moving average is $22.39. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $29.63.

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

HealthStream Dividend Announcement

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

HealthStream declared that its Board of Directors has initiated 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 repurchase up to 1.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On HealthStream

Several institutional investors have recently made changes to their positions in HSTM. Danske Bank A S boosted its position in shares of 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 purchased a new stake in shares of HealthStream during the 1st quarter worth $25,000. Hantz Financial Services Inc. boosted its position in shares of 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 purchased a new stake in shares of HealthStream in the 3rd quarter worth about $40,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of HealthStream by 241.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock worth $67,000 after buying an additional 1,702 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HSTM shares. Weiss Ratings raised shares of HealthStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Canaccord Genuity Group boosted their target price on shares of HealthStream to $24.00 and gave the stock 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. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HealthStream has an average rating of “Hold” and a consensus target price of $24.00.

HealthStream Company Profile

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.