Insider Selling: HealthStream, Inc. (NASDAQ:HSTM) SVP Sells 3,000 Shares of Stock (2024)

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) SVP Kevin P. O'hara sold 3,000 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the sale, the senior vice president now directly owns 9,527 shares in the company, valued at $267,041.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

HealthStream Stock Performance

Growth vs value investing: What are the differences?

Shares of HSTM traded down $0.05 during mid-day trading on Friday, reaching $27.99. The company had a trading volume of 244,787 shares, compared to its average volume of 111,531. The firm has a 50-day moving average price of $28.38 and a 200 day moving average price of $27.14. HealthStream, Inc. has a 52 week low of $20.47 and a 52 week high of $31.15. The company has a market capitalization of $850.84 million, a price-to-earnings ratio of 48.26, a price-to-earnings-growth ratio of 4.42 and a beta of 0.38.

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

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be issued a $0.028 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $0.11 dividend on an annualized basis and a yield of 0.40%. HealthStream's payout ratio is currently 18.97%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HSTM shares. StockNews.com cut HealthStream from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 24th. Canaccord Genuity Group lifted their price objective on HealthStream from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

Read Our Latest Stock Analysis on HSTM

Hedge Funds Weigh In On HealthStream

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company's stock worth $78,345,000 after acquiring an additional 31,943 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in HealthStream by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company's stock worth $43,824,000 after acquiring an additional 15,379 shares during the last quarter. Heartland Advisors Inc. raised its holdings in HealthStream by 0.9% in the 4th quarter. Heartland Advisors Inc. now owns 640,725 shares of the technology company's stock worth $18,459,000 after acquiring an additional 5,593 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in HealthStream by 21.5% in the 1st quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company's stock worth $13,192,000 after acquiring an additional 87,400 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in HealthStream by 9.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company's stock valued at $8,280,000 after buying an additional 27,274 shares during the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

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.