HealthStream, Inc. (NASDAQ:HSTM) SVP Kevin P. O’hara Sells 3,000 Shares of Stock (2024)

Posted by Defense World Staff on Aug 10th, 2024

HealthStream, Inc. (NASDAQ:HSTM – Get Free Report) SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares in the company, valued at approximately $267,041.81. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

HealthStream Price Performance

Shares of NASDAQ HSTM traded down $0.05 during mid-day trading on Friday, hitting $27.99. 244,787 shares of the stock traded hands, compared to its average volume of 111,531. HealthStream, Inc. has a twelve month low of $20.47 and a twelve month high of $31.15. The company has a market cap of $850.84 million, a PE ratio of 48.26, a price-to-earnings-growth ratio of 4.42 and a beta of 0.38. The firm has a 50 day simple moving average of $28.38 and a two-hundred day simple moving average of $27.14.

HealthStream (NASDAQ:HSTM – Get Free Report) last announced its earnings results on Monday, July 22nd. The technology company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $71.56 million for the quarter, compared to the consensus estimate of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. On average, equities research analysts anticipate that HealthStream, Inc. will post 0.56 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be issued a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.40%. The ex-dividend date is Monday, August 5th. HealthStream’s payout ratio is presently 18.97%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its position in shares of HealthStream by 197.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock valued at $4,628,000 after purchasing an additional 110,189 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of HealthStream by 21.5% during the 1st quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock valued at $13,192,000 after purchasing an additional 87,400 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of HealthStream by 58.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after purchasing an additional 54,227 shares in the last quarter. Wakefield Asset Management LLLP bought a new stake in shares of HealthStream during the 1st quarter valued at about $909,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of HealthStream by 97.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after purchasing an additional 33,161 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HSTM. Canaccord Genuity Group lifted their price target on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, HealthStream presently has an average rating of “Moderate Buy” and an average target price of $30.00.

View Our Latest Stock Analysis on HSTM

About HealthStream

(Get Free Report)

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.