HealthStream, Inc. (NASDAQ:HSTM) Short Interest Update

HealthStream, Inc. (NASDAQ:HSTM) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 956,163 shares, an increase of 25.4% from the January 15th total of 762,406 shares. Based on an average trading volume of 274,842 shares, the days-to-cover ratio is presently 3.5 days. Currently, 4.1% of the company’s shares are sold short. Currently, 4.1% of the company’s shares are sold short. Based on an average trading volume of 274,842 shares, the days-to-cover ratio is presently 3.5 days.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded down $0.03 during midday trading on Tuesday, hitting $20.28. 261,649 shares of the company’s stock traded hands, compared to its average volume of 341,258. The firm’s fifty day moving average price is $22.25 and its two-hundred day moving average price is $25.05. HealthStream has a twelve month low of $19.50 and a twelve month high of $34.23. The company has a market cap of $601.71 million, a PE ratio of 29.82, a P/E/G ratio of 2.20 and a beta of 0.44.

HealthStream declared that its board has authorized a share buyback program on Tuesday, November 11th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

HSTM has been the subject of a number of recent analyst reports. Citigroup restated a “market perform” rating on shares of HealthStream in a report on Tuesday, January 6th. Wall Street Zen cut shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, November 22nd. Finally, Canaccord Genuity Group set a $25.00 target price on HealthStream in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Insiders Place Their Bets

In other news, EVP Kevin P. O’hara sold 2,000 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $24.26, for a total transaction of $48,520.00. Following the sale, the executive vice president owned 16,373 shares in the company, valued at $397,208.98. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeff Cunningham sold 2,100 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $24.09, for a total value of $50,589.00. Following the completion of the transaction, the chief technology officer owned 31,489 shares of the company’s stock, valued at $758,570.01. The trade was a 6.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 5,680 shares of company stock valued at $139,336. Company insiders own 20.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC grew its holdings in HealthStream by 6.2% during the 4th quarter. Copeland Capital Management LLC now owns 887,553 shares of the technology company’s stock valued at $20,476,000 after purchasing an additional 51,470 shares in the last quarter. Geode Capital Management LLC boosted its position in HealthStream by 5.3% in the 2nd quarter. Geode Capital Management LLC now owns 766,193 shares of the technology company’s stock valued at $21,202,000 after buying an additional 38,868 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of HealthStream by 5.1% during the second quarter. Acadian Asset Management LLC now owns 762,343 shares of the technology company’s stock valued at $21,077,000 after acquiring an additional 37,004 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 acquiring an additional 20,075 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position 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 acquiring an additional 4,300 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

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.