HealthStream (NASDAQ:HSTM) Director Linda Rebrovick Sells 6,000 Shares of Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the transaction, the director owned 51,329 shares in the company, valued at approximately $1,488,541. This represents a 10.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Linda Rebrovick also recently made the following trade(s):

• On Monday, June 1st, Linda Rebrovick sold 2,000 shares of HealthStream stock. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00.

HealthStream Price Performance

NASDAQ HSTM traded up $0.07 during mid-day trading on Tuesday, reaching $29.14. The stock had a trading volume of 17,827 shares, compared to its average volume of 289,073. The company has a fifty day moving average price of $24.82 and a 200 day moving average price of $22.66. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $30.00. The stock has a market cap of $851.47 million, a PE ratio of 43.50, a price-to-earnings-growth ratio of 3.22 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $79.68 million. HealthStream had a return on equity of 6.47% and a net margin of 6.39%. As a group, equities research analysts expect that HealthStream, Inc. will post 0.74 earnings per share for the current year.

HealthStream announced that its Board of Directors has initiated a share repurchase plan on Friday, March 13th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 1.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

HealthStream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $0.035 per share. The ex-dividend date was Monday, May 18th. This represents a $0.14 annualized dividend and a yield of 0.5%. HealthStream’s dividend payout ratio is currently 20.90%.

Institutional Trading of HealthStream

Several hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 acquiring an additional 444 shares in the last quarter. Versant Capital Management Inc boosted its stake in HealthStream by 462.8% in the 2nd quarter. Versant Capital Management Inc now owns 4,401 shares of the technology company’s stock worth $120,000 after purchasing an additional 3,619 shares during the period. Essential Partners LLC bought a new stake in shares of HealthStream during the first quarter valued at approximately $25,000. Bank of America Corp DE lifted its holdings in shares of HealthStream by 2.0% in the first quarter. Bank of America Corp DE now owns 131,563 shares of the technology company’s stock worth $2,725,000 after buying an additional 2,608 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of HealthStream by 56.2% in the first quarter. Royal Bank of Canada now owns 80,265 shares of the technology company’s stock worth $1,662,000 after buying an additional 28,894 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HSTM. Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Canaccord Genuity Group lifted their price objective on HealthStream to $24.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, HealthStream currently has an average rating of “Hold” and a consensus price target of $24.00.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.