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

HealthStream, Inc. (NASDAQ:HSTM) Director Linda Rebrovick sold 6,000 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the sale, the director directly owned 51,329 shares in the company, valued at $1,488,541. This trade represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Stock Performance

HSTM opened at $28.18 on Thursday. The business’s 50-day simple moving average is $25.10 and its 200 day simple moving average is $22.72. HealthStream, Inc. has a 52-week low of $19.50 and a 52-week high of $30.00. The firm has a market capitalization of $823.42 million, a PE ratio of 42.06, a PEG ratio of 3.23 and a beta of 0.45.

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

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

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, May 18th. HealthStream’s payout ratio is presently 20.90%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On HealthStream

Large investors have recently modified their holdings of the stock. Danske Bank A S boosted its holdings in shares of HealthStream by 175.0% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after buying an additional 700 shares during the period. Essential Partners LLC acquired a new stake in HealthStream during the first quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $28,000 after acquiring an additional 444 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of HealthStream by 2,035.5% during the fourth quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,262 shares during the period. Finally, Aquatic Capital Management LLC acquired a new position in shares of HealthStream in the third quarter valued at approximately $40,000. 69.58% of the stock is owned by institutional investors.

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.