HealthStream, Inc. (NASDAQ:HSTM) Sees Large Decrease in Short Interest

HealthStream, Inc. (NASDAQ:HSTM) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 262,800 shares, a decline of 5.2% from the May 15th total of 277,300 shares. Based on an average daily volume of 115,800 shares, the short-interest ratio is currently 2.3 days. Approximately 1.1% of the shares of the stock are sold short.

Insiders Place Their Bets

In other HealthStream news, SVP Scott Fenstermacher sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the sale, the senior vice president now directly owns 13,008 shares in the company, valued at approximately $340,679.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Several institutional investors have recently bought and sold shares of HSTM. Barclays PLC raised its position in HealthStream by 3.4% in the 3rd quarter. Barclays PLC now owns 29,808 shares of the technology company’s stock valued at $643,000 after purchasing an additional 985 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of HealthStream by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,408 shares of the technology company’s stock worth $4,195,000 after acquiring an additional 8,307 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of HealthStream during the third quarter worth $351,000. DekaBank Deutsche Girozentrale bought a new stake in shares of HealthStream during the third quarter worth $30,000. Finally, Invesco Ltd. raised its position in shares of HealthStream by 3.4% during the third quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock worth $6,685,000 after acquiring an additional 10,265 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Analysts Set New Price Targets

HSTM has been the subject of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HealthStream has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Trading Up 0.0 %

Shares of NASDAQ:HSTM opened at $27.70 on Tuesday. HealthStream has a 1-year low of $20.47 and a 1-year high of $29.12. The firm has a market capitalization of $842.08 million, a PE ratio of 47.76, a PEG ratio of 4.27 and a beta of 0.38. The business’s 50 day moving average is $26.61 and its 200-day moving average is $26.60.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The business had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. During the same quarter in the previous year, the firm earned $0.12 EPS. HealthStream’s quarterly revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts predict that HealthStream will post 0.54 EPS for the current year.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were given a $0.028 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.11 annualized dividend and a yield of 0.40%. HealthStream’s payout ratio is 18.97%.

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.