HealthStream, Inc. (NASDAQ:HSTM) Short Interest Update

HealthStream, Inc. (NASDAQ:HSTM) was the target of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 956,163 shares, an increase of 25.4% from the January 15th total of 762,406 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 274,842 shares, the days-to-cover ratio is presently 3.5 days. Based on an average daily volume of 274,842 shares, the days-to-cover ratio is presently 3.5 days. Currently, 4.1% of the company’s stock are short sold.

Analysts Set New Price Targets

HSTM has been the subject of a number of research analyst reports. Canaccord Genuity Group set a $25.00 target price on shares of HealthStream in a research report on Thursday, January 8th. Citigroup reaffirmed a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Finally, Wall Street Zen cut HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.00.

HealthStream Stock Up 2.2%

NASDAQ:HSTM traded up $0.43 during trading hours on Monday, hitting $20.31. 324,096 shares of the stock traded hands, compared to its average volume of 341,258. The company has a market cap of $602.60 million, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 2.20 and a beta of 0.44. HealthStream has a 1 year low of $19.50 and a 1 year high of $34.24. The stock has a 50 day moving average price of $22.40 and a 200 day moving average price of $25.13.

HealthStream announced that its board has initiated a stock repurchase program on Tuesday, November 11th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at HealthStream

In other news, CTO Jeff Cunningham sold 2,100 shares of HealthStream stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total transaction of $50,589.00. Following the completion of the transaction, the chief technology officer directly owned 31,489 shares in the company, valued at approximately $758,570.01. This trade represents a 6.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tate Deborah Taylor sold 1,580 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $25.46, for a total value of $40,226.80. Following the completion of the sale, the director directly owned 23,127 shares in the company, valued at approximately $588,813.42. This represents a 6.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 5,680 shares of company stock valued at $139,336. Corporate insiders own 20.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised 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 worth $21,202,000 after acquiring an additional 38,868 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in HealthStream in the third quarter worth $1,264,000. Acadian Asset Management LLC raised its stake in HealthStream by 5.1% during the second quarter. Acadian Asset Management LLC now owns 762,343 shares of the technology company’s stock valued at $21,077,000 after purchasing an additional 37,004 shares in the last quarter. Integrated Quantitative Investments LLC raised its stake in HealthStream by 13.4% during the second quarter. Integrated Quantitative Investments LLC now owns 41,426 shares of the technology company’s stock valued at $1,146,000 after purchasing an additional 4,895 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in HealthStream during the second quarter valued at $1,008,000. 69.58% of the stock is currently owned by institutional investors.

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.