Key Points
- CTO Jeff Cunningham sold 2,100 shares of HealthStream on Dec. 10 at an average price of $24.09 for $50,589, reducing his stake by 6.25% to 31,489 shares valued at about $758,570.
- HealthStream reported a quarterly beat with EPS of $0.20 vs. $0.17 and revenue of $76.47M, recently declared a quarterly dividend ($0.031, $0.12 annualized, 0.5% yield) and its board authorized a $10.0M share buyback (≈1.3% of shares).
- The street consensus is a "Hold" with a $28 price target, and the company has a market cap of ~$721M, a P/E of 35.6 and about 69.6% ownership by institutions.
HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) CTO Jeff Cunningham sold 2,100 shares of the business's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total value of $50,589.00. Following the completion of the transaction, the chief technology officer owned 31,489 shares in the company, valued at $758,570.01. The trade was a 6.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
HealthStream Stock Up 0.4%
HSTM stock traded up $0.09 during midday trading on Thursday, hitting $24.31. The company's stock had a trading volume of 8,939 shares, compared to its average volume of 181,827. HealthStream, Inc. has a 12 month low of $23.77 and a 12 month high of $34.24. The company has a 50 day moving average of $25.47 and a two-hundred day moving average of $26.83. The firm has a market capitalization of $721.13 million, a price-to-earnings ratio of 35.60, a price-to-earnings-growth ratio of 2.91 and a beta of 0.45.
HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $76.47 million for the quarter, compared to analysts' expectations of $75.52 million. On average, analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.
HealthStream Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were paid a $0.031 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.12 annualized dividend and a yield of 0.5%. HealthStream's payout ratio is presently 17.65%.
HealthStream declared that its board has approved a stock repurchase plan on Tuesday, November 11th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
HSTM has been the subject of a number of research analyst reports. Wall Street Zen lowered HealthStream from a "buy" rating to a "hold" rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a "hold (c)" rating on shares of HealthStream in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, HealthStream currently has a consensus rating of "Hold" and a consensus price target of $28.00.
Read Our Latest Analysis on HSTM
Institutional Investors Weigh In On HealthStream
Several large investors have recently added to or reduced their stakes in HSTM. Aquatic Capital Management LLC bought a new position in HealthStream in the 3rd quarter worth about $40,000. Tower Research Capital LLC TRC boosted its holdings in shares of HealthStream by 241.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company's stock valued at $67,000 after purchasing an additional 1,702 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of HealthStream by 62.5% in 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 during the period. State of Wyoming bought a new position in HealthStream in the second quarter worth approximately $106,000. Finally, Virtus Advisers LLC purchased a new position in HealthStream during the 3rd quarter worth $142,000. 69.58% of the stock is 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.
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