BlackRock Inc. Takes $111.18 Million Position in HealthStream, Inc. $HSTM

Key Points

• BlackRock acquired 4.08 million HealthStream shares worth approximately $111.2 million, giving it a 13.97% stake. Institutional investors collectively own 69.58% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $27, despite Wall Street Zen upgrading the stock to “Buy.”
• HealthStream exceeded quarterly expectations, reporting $0.23 in earnings per share versus a $0.17 estimate and revenue of $83.73 million versus $80.82 million expected; the company also pays a $0.14 annualized dividend.

BlackRock Inc. bought a new stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 4,080,144 shares of the technology company's stock, valued at approximately $111,184,000. BlackRock Inc. owned about 13.97% of HealthStream at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its stake in HealthStream by 76.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company's stock valued at $28,000 after acquiring an additional 444 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of HealthStream by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company's stock worth $259,000 after purchasing an additional 586 shares in the last quarter. Danske Bank A S lifted its holdings in shares of HealthStream by 175.0% in 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 last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of HealthStream by 8.7% in 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 last quarter. Finally, Jane Street Group LLC boosted 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 valued at $1,343,000 after purchasing an additional 922 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded HealthStream from a "hold" rating to a "buy" rating in a research note on Sunday. Canaccord Genuity Group raised their target price on shares of HealthStream from $24.00 to $27.00 and gave the stock a "hold" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised shares of HealthStream from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $27.00.

Insider Activity at HealthStream

In other news, Director Linda Rebrovick sold 6,000 shares of HealthStream 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 sale, the director owned 51,329 shares of the company's stock, valued at $1,488,541. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.40% of the company's stock.

HealthStream Stock Up 1.9%

Shares of HSTM stock opened at $29.38 on Friday. The stock's 50-day moving average price is $28.14 and its 200 day moving average price is $24.31. The stock has a market capitalization of $858.48 million, a PE ratio of 40.81, a price-to-earnings-growth ratio of 3.40 and a beta of 0.44. HealthStream, Inc. has a 52-week low of $19.50 and a 52-week high of $31.11.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. HealthStream had a return on equity of 6.81% and a net margin of 6.60%.The company had revenue of $83.73 million for the quarter, compared to the consensus estimate of $80.82 million. Analysts expect that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, August 17th. HealthStream's dividend payout ratio (DPR) is 19.44%.

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.

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