Point72 DIFC Ltd Invests $38,000 in HealthStream, Inc. (NASDAQ:HSTM)

Point72 DIFC Ltd purchased a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,373 shares of the technology company’s stock, valued at approximately $38,000.

A number of other institutional investors also recently modified their holdings of HSTM. Charles Schwab Investment Management Inc. boosted its holdings in shares of HealthStream by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company’s stock worth $5,400,000 after acquiring an additional 5,367 shares during the period. Parallel Advisors LLC grew its holdings in HealthStream by 79.4% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after buying an additional 501 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of HealthStream in the fourth quarter valued at approximately $311,000. Diversified Trust Co bought a new position in shares of HealthStream in the first quarter valued at approximately $213,000. Finally, Allspring Global Investments Holdings LLC grew its stake in HealthStream by 82.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock valued at $910,000 after acquiring an additional 15,425 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HSTM shares. Canaccord Genuity Group raised their price target on shares of HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, HealthStream presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

HealthStream Stock Up 0.6 %

NASDAQ HSTM opened at $28.45 on Monday. The stock’s 50-day simple moving average is $28.65 and its two-hundred day simple moving average is $27.54. HealthStream, Inc. has a twelve month low of $21.49 and a twelve month high of $31.15. The company has a market capitalization of $864.82 million, a price-to-earnings ratio of 49.05, a PEG ratio of 4.25 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $71.56 million for 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 revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. On average, equities analysts expect that HealthStream, Inc. will post 0.56 earnings per share for the current fiscal year.

HealthStream Announces Dividend

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

Insider Activity at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the sale, the director now owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Kevin P. O’hara sold 3,000 shares of the firm’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 sale, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now directly owns 22,326 shares in the company, valued at $636,960.78. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by company insiders.

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.