Linda Rebrovick Sells 2,000 Shares of HealthStream (NASDAQ:HSTM) Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 2,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director directly owned 54,181 shares of the company’s stock, valued at approximately $1,354,525. This represents a 3.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

HealthStream Trading Down 2.7%

NASDAQ HSTM opened at $24.54 on Thursday. The company has a fifty day simple moving average of $22.24 and a two-hundred day simple moving average of $22.38. The stock has a market cap of $717.06 million, a P/E ratio of 36.63, a P/E/G ratio of 2.86 and a beta of 0.47. HealthStream, Inc. has a 12-month low of $19.50 and a 12-month high of $29.63.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $81.20 million during the quarter, compared to analysts’ expectations of $79.68 million. HealthStream had a net margin of 6.39% and a return on equity of 6.47%. As a group, sell-side analysts forecast that HealthStream, Inc. will post 0.74 earnings per share for the current year.

HealthStream declared that its board has initiated a share buyback program on Friday, March 13th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 1.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.035 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.6%. HealthStream’s dividend payout ratio (DPR) is currently 20.90%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HSTM. Weiss Ratings cut shares of HealthStream from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Canaccord Genuity Group raised their target price on shares of HealthStream to $24.00 and gave the stock a “hold” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $24.00.

Institutional Trading of HealthStream

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of HealthStream by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock worth $30,156,000 after purchasing an additional 87,177 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of HealthStream by 43.8% during the first quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock worth $26,441,000 after purchasing an additional 389,186 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of HealthStream by 0.5% during the first quarter. Renaissance Technologies LLC now owns 477,848 shares of the technology company’s stock worth $9,896,000 after purchasing an additional 2,380 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of HealthStream by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 452,897 shares of the technology company’s stock worth $10,448,000 after purchasing an additional 20,075 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of HealthStream by 1.1% during the fourth quarter. First Eagle Investment Management LLC now owns 413,698 shares of the technology company’s stock worth $9,544,000 after purchasing an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.