Key Points
- Director Linda Rebrovick sold 12,000 HealthStream shares at $35 each for $420,000, reducing her direct holdings by 23.38% to 39,329 shares. The transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- HealthStream recently beat quarterly expectations, reporting $0.23 in EPS versus the $0.17 consensus and revenue of $83.73 million versus estimates of $80.82 million.
- Analysts maintain a consensus “Hold” rating with a $27 average price target, while the stock was trading near its 52-week high at $35.16. Institutional investors own 69.58% of the company, and HealthStream pays a $0.14 annualized dividend.
HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) Director Linda Rebrovick sold 12,000 shares of the business's stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $35.00, for a total transaction of $420,000.00. Following the completion of the sale, the director directly owned 39,329 shares of the company's stock, valued at approximately $1,376,515. The trade was a 23.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
HealthStream Stock Performance
HSTM stock opened at $35.16 on Friday. The company's 50-day simple moving average is $30.39 and its 200 day simple moving average is $27.09. HealthStream, Inc. has a 52 week low of $19.50 and a 52 week high of $35.23. The company has a market capitalization of $1.03 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 4.00 and a beta of 0.42.
HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $80.82 million. On average, analysts forecast that HealthStream, Inc. will post 0.72 EPS for the current year.
HealthStream Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 17th were given a dividend of $0.0350 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 17th. HealthStream's dividend payout ratio is presently 19.44%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HSTM. Wall Street Zen downgraded shares of HealthStream from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. Canaccord Genuity Group boosted their price target on HealthStream from $24.00 to $27.00 and gave the company a "hold" rating in a research note on Tuesday, July 21st. Weiss Ratings raised HealthStream from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Freedom Capital upgraded HealthStream to a "hold" rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, HealthStream presently has a consensus rating of "Hold" and an average price target of $27.00.
Get Our Latest Stock Analysis on HSTM
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC acquired a new position in HealthStream in the second quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in HealthStream by 76.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company's stock worth $28,000 after purchasing an additional 444 shares during the period. Global Retirement Partners LLC bought a new stake in HealthStream during the second quarter worth about $31,000. Essential Partners LLC acquired a new stake in HealthStream during the first quarter worth about $25,000. Finally, Signaturefd LLC grew its stake in HealthStream by 107.9% during the third quarter. Signaturefd LLC now owns 3,194 shares of the technology company's stock worth $95,000 after buying an additional 1,658 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 software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.
The company's offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
