Key Points
- EVP Kevin O'hara sold 2,000 shares of HealthStream on Dec. 8 at an average price of $24.26 for $48,520, cutting his stake by 10.89% to 16,373 shares; the transaction was disclosed in an SEC filing.
- HealthStream recently beat quarterly expectations with $0.20 EPS (vs. $0.17 est.) and $76.47M revenue (vs. $75.52M), while the stock carries a market cap of about $713.6M and a consensus analyst rating of "Hold" with a $28 price target.
- The board authorized a $10.0M share buyback (about 1.3% of shares) and the company pays a small quarterly dividend of $0.031 per share (annualized yield ~0.5%).
HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) EVP Kevin O'hara sold 2,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $24.26, for a total value of $48,520.00. Following the completion of the sale, the executive vice president owned 16,373 shares in the company, valued at approximately $397,208.98. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
HealthStream Trading Down 0.9%
Shares of HSTM opened at $24.05 on Tuesday. The firm has a market capitalization of $713.56 million, a P/E ratio of 35.37, a P/E/G ratio of 2.95 and a beta of 0.45. HealthStream, Inc. has a 12-month low of $23.91 and a 12-month high of $34.24. The firm has a fifty day moving average price of $25.62 and a 200-day moving average price of $26.87.
HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. HealthStream had a net margin of 6.93% and a return on equity of 5.82%. The company had revenue of $76.47 million for the quarter, compared to the consensus estimate of $75.52 million. Analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current year.
HealthStream Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, November 17th. HealthStream's payout ratio is currently 17.65%.
HealthStream announced that its board has authorized a stock buyback plan on Tuesday, November 11th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the technology company to buy up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HSTM. Weiss Ratings reissued a "hold (c)" rating on shares of HealthStream in a research note on Wednesday, October 8th. Wall Street Zen cut HealthStream from a "buy" rating to a "hold" rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $28.00.
Check Out Our Latest Analysis on HealthStream
Hedge Funds Weigh In On HealthStream
A number of large investors have recently bought and sold shares of the business. Aquatic Capital Management LLC bought a new stake in HealthStream during the 3rd quarter valued at $40,000. Tower Research Capital LLC TRC lifted its stake in shares of HealthStream by 241.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company's stock worth $67,000 after purchasing an additional 1,702 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in HealthStream by 62.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,010 shares in the last quarter. State of Wyoming bought a new stake in HealthStream during the second quarter valued at about $106,000. Finally, Virtus Advisers LLC purchased a new position in HealthStream in the third quarter valued at about $142,000. Institutional investors own 69.58% of the company's stock.
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.
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