HealthStream (NASDAQ:HSTM) Director Linda Rebrovick Sells 12,000 Shares of Company Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 12,000 shares of HealthStream stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $35.00, for a total transaction of $420,000.00. Following the completion of the sale, the director owned 39,329 shares in the company, valued at $1,376,515. The trade was a 23.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HealthStream Price Performance

Shares of NASDAQ:HSTM opened at $35.16 on Friday. The company’s 50-day moving average price is $30.39 and its two-hundred day moving average price is $27.09. HealthStream, Inc. has a one year low of $19.50 and a one year high of $35.23. The stock has a market capitalization of $1.03 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 4.00 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. On average, analysts anticipate that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 17th were paid a $0.0350 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 17th. HealthStream’s dividend payout ratio (DPR) is currently 19.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HSTM shares. Canaccord Genuity Group upped their price objective on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen cut shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Freedom Capital upgraded shares of HealthStream to a “hold” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, HealthStream has a consensus rating of “Hold” and an average price target of $27.00.

Institutional Trading of HealthStream

Several hedge funds and other institutional investors have recently modified their holdings of HSTM. Signaturefd LLC increased its stake in shares of HealthStream by 107.9% during the third quarter. Signaturefd LLC now owns 3,194 shares of the technology company’s stock worth $95,000 after purchasing an additional 1,658 shares during the period. Nisa Investment Advisors LLC lifted its holdings in HealthStream by 30.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,542 shares of the technology company’s stock worth $135,000 after purchasing an additional 1,056 shares during the last quarter. GAMMA Investing LLC boosted its stake in HealthStream by 5.2% in the 3rd quarter. GAMMA Investing LLC now owns 21,686 shares of the technology company’s stock valued at $644,000 after purchasing an additional 1,076 shares during the period. Sequoia Financial Advisors LLC bought a new stake in HealthStream in the 2nd quarter valued at $222,000. Finally, Tidal Investments LLC bought a new stake in HealthStream in the 2nd quarter valued at $575,000. Institutional investors own 69.58% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.