HealthStream, Inc. (NASDAQ:HSTM) SVP Sells $26,190.00 in Stock

HealthStream, Inc. (NASDAQ:HSTM) SVP Scott Fenstermacher sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the sale, the senior vice president now owns 13,008 shares in the company, valued at $340,679.52. The transaction was disclosed in a filing with the SEC, which is available through this link.

HealthStream Stock Performance

Shares of NASDAQ:HSTM opened at $27.03 on Friday. The firm has a market capitalization of $821.71 million, a PE ratio of 46.60, a price-to-earnings-growth ratio of 4.02 and a beta of 0.38. HealthStream, Inc. has a 52-week low of $20.47 and a 52-week high of $29.12. The firm has a fifty day moving average of $25.98 and a 200 day moving average of $26.04.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. During the same period last year, the firm posted $0.12 EPS. HealthStream’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that HealthStream, Inc. will post 0.54 EPS for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, May 3rd. HealthStream’s dividend payout ratio is currently 18.97%.

Institutional Trading of HealthStream

Hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its stake in shares of HealthStream by 295.6% in the third quarter. Assenagon Asset Management S.A. now owns 133,712 shares of the technology company’s stock worth $2,886,000 after purchasing an additional 99,913 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of HealthStream by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock valued at $1,590,000 after purchasing an additional 463 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in HealthStream by 2.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 194,988 shares of the technology company’s stock worth $4,208,000 after purchasing an additional 4,717 shares during the period. Heartland Advisors Inc. raised its holdings in HealthStream by 3.1% in the third quarter. Heartland Advisors Inc. now owns 635,132 shares of the technology company’s stock worth $14,913,000 after purchasing an additional 19,361 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in HealthStream in the third quarter worth $252,000. 69.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HSTM has been the subject of several research analyst reports. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Friday. William Blair reiterated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, HealthStream presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.