Key Points
- HealthStream director Linda Rebrovick sold 2,000 shares on June 1 for about $50,000, reducing her position by 3.56% to 54,181 shares. The trade was made under a pre-arranged Rule 10b5-1 plan.
- HealthStream reported solid quarterly results, with earnings of $0.20 per share versus the $0.16 consensus estimate and revenue of $81.2 million, topping expectations. Analysts now expect full-year EPS of 0.74.
- The company continues shareholder returns through a quarterly dividend and a $10 million stock repurchase authorization, while Wall Street’s view remains cautious with a consensus rating of “Reduce” and an average price target of $24.00.
HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) Director Linda Rebrovick sold 2,000 shares of the business's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director directly owned 54,181 shares of the company's stock, valued at $1,354,525. The trade was a 3.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HealthStream Trading Down 1.4%
Shares of HSTM stock opened at $25.22 on Wednesday. The firm has a 50-day moving average price of $22.07 and a 200 day moving average price of $22.38. HealthStream, Inc. has a twelve month low of $19.50 and a twelve month high of $29.63. The company has a market capitalization of $736.93 million, a price-to-earnings ratio of 37.64, a PEG ratio of 2.90 and a beta of 0.47.
HealthStream (NASDAQ:HSTM - Get Free Report) last announced its earnings results on Monday, May 4th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $79.68 million. As a group, research analysts predict that HealthStream, Inc. will post 0.74 earnings per share for the current year.
HealthStream Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.035 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.14 annualized dividend and a yield of 0.6%. HealthStream's payout ratio is 20.90%.
HealthStream announced that its board has approved a stock repurchase plan on Friday, March 13th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
Institutional Trading of HealthStream
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSTM. Copeland Capital Management LLC grew its holdings in shares of HealthStream by 43.8% during the 1st quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company's stock worth $26,441,000 after purchasing an additional 389,186 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of HealthStream by 302.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company's stock worth $6,860,000 after purchasing an additional 186,231 shares during the period. Lazard Asset Management LLC grew its holdings in shares of HealthStream by 268.2% during the 1st quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company's stock worth $3,256,000 after purchasing an additional 114,511 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of HealthStream by 77.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 251,953 shares of the technology company's stock worth $6,972,000 after purchasing an additional 109,883 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of HealthStream by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company's stock worth $30,156,000 after purchasing an additional 87,177 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on HSTM. Wall Street Zen upgraded HealthStream from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Canaccord Genuity Group lifted their price target on HealthStream to $24.00 and gave the company a "hold" rating in a report on Wednesday, May 6th. Finally, Weiss Ratings cut HealthStream from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, May 20th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $24.00.
Read Our Latest Research Report on HealthStream
About HealthStream
(
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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