Tate Deborah Taylor Sells 1,400 Shares of HealthStream, Inc. (NASDAQ:HSTM) Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at $636,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

HealthStream Trading Up 0.7 %

Shares of NASDAQ:HSTM opened at $29.04 on Friday. The stock has a market capitalization of $882.76 million, a P/E ratio of 50.07, a P/E/G ratio of 4.42 and a beta of 0.38. HealthStream, Inc. has a 1-year low of $20.47 and a 1-year high of $31.15. The business has a 50-day moving average price of $28.56 and a two-hundred day moving average price of $27.30.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $71.56 million during the quarter, compared to analysts’ expectations of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. As a group, equities analysts predict that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were given a dividend of $0.028 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.11 annualized dividend and a dividend yield of 0.39%. HealthStream’s payout ratio is currently 18.97%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HSTM. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Canaccord Genuity Group lifted their price target on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Hedge Funds Weigh In On HealthStream

Several institutional investors have recently modified their holdings of HSTM. Harbor Capital Advisors Inc. grew its position in shares of HealthStream by 197.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock worth $4,628,000 after buying an additional 110,189 shares during the period. First Eagle Investment Management LLC grew its position in shares of HealthStream by 21.5% during the 1st quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock worth $13,192,000 after buying an additional 87,400 shares during the period. Assenagon Asset Management S.A. grew its position in shares of HealthStream by 58.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock worth $4,096,000 after buying an additional 54,227 shares during the period. Wakefield Asset Management LLLP acquired a new position in shares of HealthStream during the 1st quarter worth about $909,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of HealthStream by 97.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock worth $1,878,000 after buying an additional 33,161 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.