HealthStream (NASDAQ:HSTM) Director Linda Rebrovick Sells 6,000 Shares

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $29.00, for a total value of $174,000.00. Following the completion of the transaction, the director directly owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Linda Rebrovick also recently made the following trade(s):

• On Monday, June 1st, Linda Rebrovick sold 2,000 shares of HealthStream stock. The shares were sold at an average price of $25.00, for a total value of $50,000.00.

HealthStream Price Performance

Shares of HSTM stock opened at $28.45 on Wednesday. HealthStream, Inc. has a one year low of $19.50 and a one year high of $30.00. The stock has a fifty day moving average price of $24.96 and a 200 day moving average price of $22.70. The stock has a market cap of $831.31 million, a P/E ratio of 42.46, a price-to-earnings-growth ratio of 3.30 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results 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. HealthStream had a net margin of 6.39% and a return on equity of 6.47%. The firm had revenue of $81.20 million for the quarter, compared to analyst estimates of $79.68 million. Equities research analysts anticipate that HealthStream, Inc. will post 0.74 EPS for the current year.

HealthStream announced that its board has authorized a share repurchase plan on Friday, March 13th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 1.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, May 18th. HealthStream’s payout ratio is presently 20.90%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HSTM. Dimensional Fund Advisors LP grew its holdings in HealthStream by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock worth $30,156,000 after acquiring an additional 87,177 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of HealthStream by 43.8% in the first quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock worth $26,441,000 after acquiring an additional 389,186 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 purchasing an additional 2,380 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of HealthStream by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 452,897 shares of the technology company’s stock worth $10,448,000 after purchasing an additional 20,075 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of HealthStream by 1.1% during the fourth quarter. First Eagle Investment Management LLC now owns 413,698 shares of the technology company’s stock valued at $9,544,000 after purchasing an additional 4,300 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Weiss Ratings upgraded HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Canaccord Genuity Group increased their price objective on HealthStream to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, HealthStream has a consensus rating of “Hold” and an average price target 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.