Insider Selling: HealthStream (NASDAQ:HSTM) CFO Sells 9,500 Shares of Stock

HealthStream, Inc. (NASDAQ:HSTM) CFO Scott Alexander Roberts sold 9,500 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $32.26, for a total transaction of $306,470.00. Following the transaction, the chief financial officer directly owned 29,160 shares in the company, valued at $940,701.60. The trade was a 24.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

HealthStream Price Performance

Shares of NASDAQ HSTM traded down $0.71 during trading on Friday, hitting $28.89. 249,732 shares of the company were exchanged, compared to its average volume of 254,352. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $35.60. The company has a market cap of $844.02 million, a price-to-earnings ratio of 41.27, a PEG ratio of 3.76 and a beta of 0.45. The firm’s fifty day moving average price is $31.20 and its 200 day moving average price is $25.79.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, November 2nd. The technology company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. HealthStream had a return on equity of 6.37% and a net margin of 6.25%. The company had revenue of $83.31 million during the quarter, compared to analysts’ expectations of $82.24 million. On average, research analysts forecast that HealthStream, Inc. will post 0.72 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.0350 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, November 16th. HealthStream’s dividend payout ratio is 20.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HSTM. Russell Investments Group Ltd. raised its position in shares of HealthStream by 12.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 92,038 shares of the technology company’s stock worth $2,736,000 after acquiring an additional 9,882 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in HealthStream by 3.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,755 shares of the technology company’s stock valued at $349,000 after purchasing an additional 423 shares in the last quarter. Bridge City Capital LLC raised its holdings in HealthStream by 17.6% during the third quarter. Bridge City Capital LLC now owns 60,860 shares of the technology company’s stock worth $1,808,000 after buying an additional 9,095 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of HealthStream in the third quarter valued at $160,000. Finally, Vise Technologies Inc. increased its position in shares of HealthStream by 35.4% during the third quarter. Vise Technologies Inc. now owns 14,043 shares of the technology company’s stock worth $417,000 after acquiring an additional 3,671 shares in the last quarter. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup restated a “market perform” rating on shares of HealthStream in a research report on Tuesday, October 27th. Craig Hallum downgraded shares of HealthStream from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research report on Tuesday. Freedom Capital raised HealthStream to a “hold” rating in a research note on Tuesday, October 13th. Canaccord Genuity Group upped their price target on shares of HealthStream from $29.00 to $32.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.00.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.