HealthStream (NASDAQ:HSTM) Shares Pass Above 200 Day Moving Average – Here’s What Happened

HealthStream, Inc. (NASDAQ:HSTM)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.02 and traded as high as $29.80. HealthStream shares last traded at $29.63, with a volume of 173,966 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HSTM. Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. Canaccord Genuity Group upped their price objective on shares of HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised shares of HealthStream from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 28th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, HealthStream currently has a consensus rating of “Hold” and an average target price of $27.00.

HealthStream Stock Down 0.2%

The company has a market cap of $864.62 million, a P/E ratio of 40.97, a PEG ratio of 3.43 and a beta of 0.44. The firm has a fifty day moving average price of $28.63 and a 200 day moving average price of $25.08.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The business 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, sell-side analysts anticipate that HealthStream, Inc. will post 0.72 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 17th. HealthStream’s dividend payout ratio is presently 19.44%.

Insider Activity at HealthStream

In other HealthStream news, Director Linda Rebrovick sold 6,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the transaction, the director owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. This represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert A. Frist, Jr. sold 144,068 shares of HealthStream stock in a transaction on Monday, September 14th. The shares were sold at an average price of $29.50, for a total value of $4,250,006.00. Following the completion of the sale, the chief executive officer directly owned 3,907,038 shares of the company’s stock, valued at $115,257,621. This trade represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 20.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HealthStream

Several hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC acquired a new position in HealthStream during the 1st quarter valued at about $25,000. Integrated Wealth Concepts LLC acquired a new stake in shares of HealthStream during the 2nd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of HealthStream by 76.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock worth $28,000 after buying an additional 444 shares during the period. Hantz Financial Services Inc. raised its stake in shares of HealthStream by 2,035.5% during the fourth quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock worth $31,000 after buying an additional 1,262 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of HealthStream during the second quarter worth approximately $31,000. Institutional investors own 69.58% of the company’s stock.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its cloud-based offerings help hospitals, health systems and other healthcare providers manage employee training, education, credentialing, compliance and professional development.

The company’s products and services include learning and talent-management tools, provider credentialing and enrollment solutions, performance assessment, clinical development resources, and patient-experience measurement services.