HealthStream (NASDAQ:HSTM) EVP Sells $124,440.00 in Stock

HealthStream, Inc. (NASDAQ:HSTM – Get Free Report) EVP Kevin O’hara sold 4,000 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $31.11, for a total transaction of $124,440.00. Following the completion of the sale, the executive vice president directly owned 18,901 shares of the company’s stock, valued at $588,010.11. The trade was a 17.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

HealthStream Stock Performance

Shares of HSTM stock opened at $28.89 on Monday. The company’s fifty day simple moving average is $31.20 and its 200-day simple moving average is $25.83. HealthStream, Inc. has a 52 week low of $19.50 and a 52 week high of $35.60. The company has a market cap of $844.17 million, a PE ratio of 41.27, a P/E/G ratio of 3.01 and a beta of 0.45.

HealthStream (NASDAQ:HSTM – Get Free Report) last posted its earnings results on Monday, November 2nd. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. HealthStream had a net margin of 6.25% and a return on equity of 6.37%. The business had revenue of $83.31 million for the quarter, compared to analyst estimates of $82.24 million. Equities research analysts expect that HealthStream, Inc. will post 0.80 EPS for the current fiscal year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a $0.0350 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.14 annualized dividend and a yield of 0.5%. HealthStream’s dividend payout ratio (DPR) is 20.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HSTM. Canaccord Genuity Group upped their target price on HealthStream from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Wednesday, November 4th. Craig Hallum lowered HealthStream from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Tuesday, November 3rd. Weiss Ratings raised HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Freedom Capital upgraded HealthStream to a “hold” rating in a report on Tuesday, October 13th. Finally, Wall Street Zen downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.00.

Check Out Our Latest Report on HealthStream

Hedge Funds Weigh In On HealthStream

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of HealthStream by 21.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 377,945 shares of the technology company’s stock valued at $7,827,000 after acquiring an additional 65,806 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of HealthStream by 283.5% in the first quarter. Quantinno Capital Management LP now owns 50,169 shares of the technology company’s stock worth $1,039,000 after acquiring an additional 37,088 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of HealthStream by 268.2% in the first quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company’s stock worth $3,256,000 after acquiring an additional 114,511 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in HealthStream in the second quarter valued at about $6,199,000. Finally, Dimensional Fund Advisors LP boosted its holdings in HealthStream by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock valued at $30,156,000 after purchasing an additional 87,177 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Key HealthStream News

Here are the key news stories impacting HealthStream this week:

  • Positive Sentiment: Buy rating upgrade: Zacks upgraded HSTM to Rank #2 (Buy), citing improving earnings prospects, which could support investor optimism. Zacks article
  • Positive Sentiment: Raised guidance: HealthStream lifted its outlook, a potentially positive sign for expected business performance, although the article raises the question of whether prior gains already reflect the news. Yahoo Finance article
  • Neutral Sentiment: Analyst views remain cautious: Canaccord Genuity raised its price target to $32 from $29 but maintained a Hold rating; Craig Hallum also moved its rating to Hold. These calls suggest limited conviction despite the higher target. Canaccord rating information Craig Hallum rating article
  • Negative Sentiment: Multiple insider sales: On November 5, EVP Michael Manning Collier, CFO Scott Alexander Roberts, Director Deborah Tate and EVP Kevin O’Hara sold a combined 38,081 shares. Each reduced their individual holdings, a cluster of transactions that may weigh on sentiment, though insider sales alone do not establish a change in the company’s outlook. Collier SEC filing Roberts SEC filing Tate SEC filing O’Hara SEC filing

About HealthStream

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for HealthStream (NASDAQ:HSTM)

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