Key Points
- CEO Robert Frist Jr. sold 144,068 HealthStream shares at an average price of $29.50, generating approximately $4.25 million. He retained 3.91 million shares, but his position declined by 3.56%.
- HealthStream reported quarterly earnings of $0.23 per share and revenue of $83.73 million, exceeding analyst expectations of $0.17 and $80.82 million, respectively.
- The stock was trading near $29.65, above analysts’ consensus price target of $27.00; coverage remains broadly cautious, with an overall “Hold” rating despite one recent upgrade to “Buy.”
HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) CEO Robert Frist, Jr. sold 144,068 shares of HealthStream stock in a transaction on Monday, September 14th. The stock was sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the transaction, the chief executive officer owned 3,907,038 shares in the company, valued at approximately $115,257,621. This trade represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
HealthStream Price Performance
HealthStream stock opened at $29.65 on Wednesday. The stock's 50 day moving average is $28.63 and its 200 day moving average is $25.08. HealthStream, Inc. has a one year low of $19.50 and a one year high of $31.11. The firm has a market cap of $866.37 million, a P/E ratio of 41.18, a P/E/G ratio of 3.43 and a beta of 0.44.
HealthStream (NASDAQ:HSTM - Get Free Report) last released its earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. Equities analysts anticipate that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.
HealthStream Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were paid a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. HealthStream's dividend payout ratio (DPR) is currently 19.44%.
Analysts Set New Price Targets
A number of analysts have commented on HSTM shares. Wall Street Zen raised shares of HealthStream from a "hold" rating to a "buy" rating in a research report on Sunday, August 30th. Canaccord Genuity Group lifted their price objective on HealthStream from $24.00 to $27.00 and gave the stock a "hold" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised HealthStream from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 28th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $27.00.
Read Our Latest Stock Analysis on HSTM
HealthStream News Roundup
Here are the key news stories impacting HealthStream this week:
- Positive Sentiment: Growth capital and strategic investment: HealthStream issued 1.355 million shares to WJRJJ Ventures for approximately $40 million at $29.50 per share. The investment provides capital to support expansion and may bring a significant, governance-conscious shareholder to the company. WJRJJ acquired 1.5 million shares in total when including shares purchased from CEO Robert Frist Jr. HealthStream Completes $40 Million Private Placement of Its Common Stock
- Positive Sentiment: Platform expansion and customer partnership: HealthStream launched its hStream platform and announced a partnership with Ardent Health, developments that could increase adoption of its healthcare workforce technology and support longer-term revenue growth. HealthStream launches hStream platform, partners with Ardent Health
- Neutral Sentiment: Enterprise category positioning: The company is promoting an “Enterprise Clinical Workforce Platform” category alongside traditional EHR and ERP systems. The initiative could improve HealthStream’s market positioning, although its financial impact remains unquantified. HealthStream Defines a New Enterprise Category
- Positive Sentiment: Extended liquidity: HealthStream amended its revolving credit facility, extending access to liquidity and giving the company additional financial flexibility. HealthStream Amends Revolving Credit Facility
- Negative Sentiment: CEO share sale and dilution: CEO Robert Frist Jr. sold 144,068 shares for approximately $4.25 million, reducing his ownership by 3.56%. The company-issued shares in the private placement will modestly dilute existing shareholders, although Frist continues to own roughly 3.9 million shares. SEC filing on Robert Frist Jr. share sale
Institutional Trading of HealthStream
Hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in shares of HealthStream during the 2nd quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its stake in HealthStream by 76.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company's stock valued at $28,000 after purchasing an additional 444 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of HealthStream during the second quarter valued at about $31,000. Essential Partners LLC acquired a new position in shares of HealthStream during the first quarter valued at about $25,000. Finally, Hantz Financial Services Inc. boosted its position in shares of HealthStream by 2,035.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company's stock worth $31,000 after purchasing an additional 1,262 shares in the last quarter. Institutional investors own 69.58% of the company's stock.
About HealthStream
(
Get Free Report)
HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its cloud-based offerings help hospitals, health systems and other healthcare providers manage employee training, education, credentialing, compliance and professional development.
The company's products and services include learning and talent-management tools, provider credentialing and enrollment solutions, performance assessment, clinical development resources, and patient-experience measurement services.
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