HealthStream (NASDAQ:HSTM) CTO Jeff Cunningham Sells 2,100 Shares of Stock

HealthStream, Inc. (NASDAQ:HSTM) CTO Jeff Cunningham sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total value of $50,589.00. Following the completion of the sale, the chief technology officer owned 31,489 shares of the company’s stock, valued at $758,570.01. This trade represents a 6.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

HealthStream Trading Up 1.2%

HealthStream stock traded up $0.29 during mid-day trading on Wednesday, reaching $24.22. The company’s stock had a trading volume of 218,549 shares, compared to its average volume of 182,586. The firm has a market cap of $718.61 million, a price-to-earnings ratio of 35.62, a PEG ratio of 2.93 and a beta of 0.45. HealthStream, Inc. has a twelve month low of $23.77 and a twelve month high of $34.24. The business has a 50 day moving average price of $25.54 and a 200-day moving average price of $26.85.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, November 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. HealthStream had a net margin of 6.93% and a return on equity of 5.82%. The company had revenue of $76.47 million for the quarter, compared to the consensus estimate of $75.52 million. On average, equities analysts expect that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were paid a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, November 17th. HealthStream’s payout ratio is presently 17.65%.

HealthStream declared that its board has initiated a share buyback plan on Tuesday, November 11th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HSTM shares. Wall Street Zen downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of HealthStream in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.00.

Hedge Funds Weigh In On HealthStream

Hedge funds and other institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC raised its holdings in HealthStream by 15.6% during the 2nd quarter. Copeland Capital Management LLC now owns 882,950 shares of the technology company’s stock worth $24,431,000 after buying an additional 119,260 shares during the period. Geode Capital Management LLC grew its holdings in shares of HealthStream by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 766,193 shares of the technology company’s stock valued at $21,202,000 after acquiring an additional 38,868 shares in the last quarter. Acadian Asset Management LLC increased its position in HealthStream by 5.1% in the 2nd quarter. Acadian Asset Management LLC now owns 762,343 shares of the technology company’s stock worth $21,077,000 after purchasing an additional 37,004 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of HealthStream by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 432,822 shares of the technology company’s stock worth $12,223,000 after purchasing an additional 184,917 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in HealthStream by 0.7% during the third quarter. First Eagle Investment Management LLC now owns 409,398 shares of the technology company’s stock valued at $11,561,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

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.