HealthStream (NASDAQ:HSTM) Director Linda Rebrovick Sells 6,000 Shares

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $29.00, for a total value of $174,000.00. Following the transaction, the director owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. The trade was a 10.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Linda Rebrovick also recently made the following trade(s):

• On Monday, June 1st, Linda Rebrovick sold 2,000 shares of HealthStream stock. The shares were sold at an average price of $25.00, for a total value of $50,000.00.

HealthStream Price Performance

Shares of NASDAQ HSTM traded up $0.07 during midday trading on Tuesday, reaching $29.14. 17,827 shares of the stock traded hands, compared to its average volume of 289,073. The company’s 50 day moving average is $24.82 and its 200 day moving average is $22.66. HealthStream, Inc. has a one year low of $19.50 and a one year high of $30.00. The stock has a market capitalization of $851.47 million, a PE ratio of 43.50, a P/E/G ratio of 3.22 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $0.20 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, equities analysts forecast that HealthStream, Inc. will post 0.74 EPS for the current year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, May 18th. HealthStream’s dividend payout ratio (DPR) is presently 20.90%.

HealthStream declared that its Board of Directors has approved 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 reacquire up to 1.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On HealthStream

Hedge funds have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of HealthStream by 76.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock valued at $28,000 after buying an additional 444 shares during the period. The Manufacturers Life Insurance Company grew its holdings in HealthStream by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock worth $259,000 after acquiring an additional 586 shares in the last quarter. Danske Bank A S increased its position in HealthStream by 175.0% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock valued at $25,000 after purchasing an additional 700 shares during the period. Snowden Capital Advisors LLC increased its position in HealthStream by 8.7% during the 2nd quarter. Snowden Capital Advisors LLC now owns 10,196 shares of the technology company’s stock valued at $282,000 after purchasing an additional 816 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of HealthStream by 1.9% in the 2nd quarter. Jane Street Group LLC now owns 48,533 shares of the technology company’s stock worth $1,343,000 after purchasing an additional 922 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on HSTM. Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Canaccord Genuity Group upped their price target on shares of HealthStream to $24.00 and gave the company a “hold” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.00.

HealthStream Company Profile

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.