HealthStream (NASDAQ:HSTM) CFO Sells $306,470.00 in Stock

HealthStream, Inc. (NASDAQ:HSTM) CFO Scott Alexander Roberts sold 9,500 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $32.26, for a total value of $306,470.00. Following the completion of the sale, the chief financial officer owned 29,160 shares in the company, valued at approximately $940,701.60. The trade was a 24.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

HealthStream Price Performance

Shares of HealthStream stock traded down $0.71 during trading hours on Friday, reaching $28.89. The company had a trading volume of 249,732 shares, compared to its average volume of 254,352. HealthStream, Inc. has a one year low of $19.50 and a one year high of $35.60. The business has a fifty day simple moving average of $31.20 and a 200 day simple moving average of $25.79. The firm has a market cap of $844.02 million, a PE ratio of 41.27, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 6.37% and a net margin of 6.25%. The company had revenue of $83.31 million for the quarter, compared to the consensus estimate of $82.24 million. On average, research analysts forecast that HealthStream, Inc. will post 0.72 EPS for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0350 per share. 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 is presently 20.00%.

Wall Street Analyst Weigh In

HSTM has been the topic of a number of research analyst reports. Weiss Ratings upgraded HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Wednesday. Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Citigroup restated a “market perform” rating on shares of HealthStream in a research note on Tuesday, October 27th. Finally, Craig Hallum cut shares of HealthStream from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Institutional Investors Weigh In On HealthStream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSTM. Illinois Municipal Retirement Fund lifted its holdings in HealthStream by 3.7% in the third quarter. Illinois Municipal Retirement Fund now owns 11,755 shares of the technology company’s stock valued at $349,000 after acquiring an additional 423 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings 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 acquiring an additional 444 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of HealthStream in the 2nd quarter valued at approximately $27,000. Summit Global Investments increased its stake in HealthStream by 7.5% during the third quarter. Summit Global Investments now owns 14,696 shares of the technology company’s stock worth $437,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of 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. 69.58% of the stock is owned by institutional investors and hedge funds.

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.