Key Points
- HealthStream EVP Kevin O'hara sold 3,000 shares on May 20 at an average price of $24.08, totaling $72,240. After the sale, he still held 20,982 shares.
- The stock dipped 2.1% and opened at $23.92, with the company valued at about $698.94 million. It has traded between $19.50 and $29.63 over the past 12 months.
- HealthStream recently beat earnings expectations, reporting $0.20 EPS versus $0.16 expected and revenue of $81.2 million versus $79.68 million estimated. The company also authorized a $10 million share buyback and declared a quarterly dividend of $0.035 per share.
HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) EVP Kevin O'hara sold 3,000 shares of HealthStream stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $24.08, for a total transaction of $72,240.00. Following the completion of the sale, the executive vice president owned 20,982 shares of the company's stock, valued at $505,246.56. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
HealthStream Stock Down 2.1%
NASDAQ HSTM opened at $23.92 on Thursday. The stock has a market capitalization of $698.94 million, a PE ratio of 35.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.41. The company has a 50 day moving average price of $21.48 and a two-hundred day moving average price of $22.42. HealthStream, Inc. has a 12-month low of $19.50 and a 12-month high of $29.63.
HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, May 4th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. HealthStream had a net margin of 6.39% and a return on equity of 6.47%. The firm had revenue of $81.20 million during the quarter, compared to analysts' expectations of $79.68 million. As a group, equities analysts anticipate that HealthStream, Inc. will post 0.74 EPS for the current year.
HealthStream announced that its Board of Directors has authorized a share buyback program on Friday, March 13th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 1.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.
HealthStream Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, May 18th. HealthStream's payout ratio is presently 20.90%.
Hedge Funds Weigh In On HealthStream
A number of institutional investors and hedge funds have recently bought and sold shares of HSTM. Royal Bank of Canada increased its position in HealthStream by 194.2% during the first quarter. Royal Bank of Canada now owns 43,899 shares of the technology company's stock worth $1,413,000 after acquiring an additional 28,977 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in HealthStream by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,354 shares of the technology company's stock worth $1,749,000 after acquiring an additional 7,211 shares during the period. Jane Street Group LLC bought a new position in HealthStream during the first quarter worth $1,532,000. JPMorgan Chase & Co. increased its position in HealthStream by 302.0% during the second quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company's stock worth $6,860,000 after acquiring an additional 186,231 shares during the period. Finally, American Century Companies Inc. increased its position in HealthStream by 11.6% during the second quarter. American Century Companies Inc. now owns 58,541 shares of the technology company's stock worth $1,620,000 after acquiring an additional 6,096 shares during the period. Institutional investors own 69.58% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of HealthStream from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of HealthStream from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group boosted their price objective on shares of HealthStream to $24.00 and gave the stock a "hold" rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $24.00.
Read Our Latest Report on HSTM
HealthStream Company Profile
(
Get Free Report)
HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream's platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.
The company's core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.
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