HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 12.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,478 shares of the technology company’s stock after selling 1,028 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in HealthStream were worth $213,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after acquiring an additional 31,943 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of HealthStream by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock valued at $43,824,000 after buying an additional 15,379 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of HealthStream by 7.1% during the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock worth $14,792,000 after buying an additional 35,350 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of HealthStream by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock worth $5,814,000 after buying an additional 54,775 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in HealthStream by 8.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 188,881 shares of the technology company’s stock valued at $5,036,000 after acquiring an additional 15,150 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Buying and Selling at HealthStream

In other news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tate Deborah Taylor sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the sale, the director now owns 22,326 shares in the company, valued at approximately $636,960.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 20.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HSTM. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group upped their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

HealthStream Stock Up 0.3 %

Shares of HSTM opened at $29.33 on Monday. HealthStream, Inc. has a 52-week low of $23.92 and a 52-week high of $31.15. The company has a 50-day simple moving average of $28.80 and a 200-day simple moving average of $28.08. The company has a market capitalization of $892.22 million, a PE ratio of 45.12, a P/E/G ratio of 3.89 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. HealthStream’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a dividend of $0.028 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.11 annualized dividend and a dividend yield of 0.38%. HealthStream’s dividend payout ratio is currently 16.92%.

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.