HealthStream (NASDAQ:HSTM) Stock: Insider Tate Deborah Taylor Sells 3,281 Shares

Key Points

  • EVP Michael Manning Collier sold 21,300 shares for about $638,000, reducing his HealthStream holdings by 26.44% to 59,260 shares.
  • HealthStream beat quarterly expectations, reporting EPS of $0.18 versus $0.16 expected and revenue of $83.31 million versus $82.24 million expected. It also declared a quarterly dividend of $0.035 per share.
  • Analyst sentiment was mostly cautious: the consensus rating was Hold, with an average price target of $36; shares opened at $28.89 after a reported 2.4% decline.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) Director Deborah Tate sold 3,281 shares of the business's stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $32.19, for a total value of $105,615.39. Following the completion of the transaction, the director directly owned 21,418 shares of the company's stock, valued at approximately $689,445.42. This trade represents a 13.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

HealthStream Stock Down 2.4%

HSTM traded down $0.71 during midday trading on Friday, hitting $28.89. 249,732 shares of the company traded hands, compared to its average volume of 188,233. The company's 50-day moving average is $31.20 and its 200 day moving average is $25.83. The firm has a market capitalization of $844.17 million, a PE ratio of 41.27, a price-to-earnings-growth ratio of 4.00 and a beta of 0.45. HealthStream, Inc. has a 52 week low of $19.50 and a 52 week high of $35.60.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. HealthStream had a net margin of 6.25% and a return on equity of 6.58%. The firm had revenue of $83.31 million during the quarter, compared to analyst estimates of $82.24 million. On average, sell-side analysts predict that HealthStream, Inc. will post 0.80 earnings per share for the current fiscal year.

HealthStream Dividend Announcement




The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be issued a $0.0350 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.14 annualized dividend and a yield of 0.5%. HealthStream's dividend payout ratio (DPR) is currently 20.00%.

HealthStream News Roundup

Here are the key news stories impacting HealthStream this week:

  • Positive Sentiment: Buy rating upgrade: Zacks upgraded HSTM to Rank #2 (Buy), citing improving earnings prospects, which could support investor optimism. Zacks article
  • Positive Sentiment: Raised guidance: HealthStream lifted its outlook, a potentially positive sign for expected business performance, although the article raises the question of whether prior gains already reflect the news. Yahoo Finance article
  • Neutral Sentiment: Analyst views remain cautious: Canaccord Genuity raised its price target to $32 from $29 but maintained a Hold rating; Craig Hallum also moved its rating to Hold. These calls suggest limited conviction despite the higher target. Canaccord rating information Craig Hallum rating article
  • Negative Sentiment: Multiple insider sales: On November 5, EVP Michael Manning Collier, CFO Scott Alexander Roberts, Director Deborah Tate and EVP Kevin O’Hara sold a combined 38,081 shares. Each reduced their individual holdings, a cluster of transactions that may weigh on sentiment, though insider sales alone do not establish a change in the company’s outlook. Collier SEC filing Roberts SEC filing Tate SEC filing O’Hara SEC filing

Institutional Trading of HealthStream

Several institutional investors and hedge funds have recently modified their holdings of the company. Aberdeen Group plc bought a new position in HealthStream in the 3rd quarter worth $2,987,000. Russell Investments Group Ltd. lifted its position in shares of HealthStream by 12.0% in the third quarter. Russell Investments Group Ltd. now owns 92,038 shares of the technology company's stock valued at $2,736,000 after acquiring an additional 9,882 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of HealthStream by 3.7% in the third quarter. Illinois Municipal Retirement Fund now owns 11,755 shares of the technology company's stock valued at $349,000 after acquiring an additional 423 shares in the last quarter. Bridge City Capital LLC boosted its stake in shares of HealthStream by 17.6% in the third quarter. Bridge City Capital LLC now owns 60,860 shares of the technology company's stock worth $1,808,000 after acquiring an additional 9,095 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of HealthStream in the third quarter worth about $160,000. 69.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HSTM shares. Weiss Ratings upgraded shares of HealthStream from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Craig Hallum downgraded HealthStream from a "buy" rating to a "hold" rating and set a $40.00 price target on the stock. in a research note on Tuesday. Freedom Capital raised HealthStream to a "hold" rating in a report on Tuesday, October 13th. Canaccord Genuity Group upped their price objective on HealthStream from $29.00 to $32.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, Wall Street Zen raised HealthStream from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $36.00.

Read Our Latest Research Report on HSTM

HealthStream Company Profile

(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.

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