HealthStream, Inc. $HSTM Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC reduced its stake in HealthStream, Inc. by 16.5% in the first quarter, now holding 67,257 shares valued at approximately $2.16 million.
• HealthStream reported $0.18 earnings per share for the latest quarter, exceeding estimates, along with a revenue of $74.40 million.
• The company has authorized a $25 million stock repurchase program as a sign that its shares may be undervalued.

Cambiar Investors LLC lessened its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,257 shares of the technology company's stock after selling 13,273 shares during the quarter. Cambiar Investors LLC owned approximately 0.22% of HealthStream worth $2,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of HealthStream by 30.8% during the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after buying an additional 490 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of HealthStream by 9.3% during the 1st quarter. SG Americas Securities LLC now owns 18,648 shares of the technology company's stock worth $600,000 after buying an additional 1,584 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of HealthStream by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 129,830 shares of the technology company's stock worth $4,178,000 after buying an additional 3,157 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of HealthStream by 2.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock worth $13,670,000 after buying an additional 10,003 shares during the last quarter. Finally, Polar Asset Management Partners Inc. raised its stake in shares of HealthStream by 62.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 91,952 shares of the technology company's stock worth $2,924,000 after buying an additional 35,252 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Price Performance

HealthStream stock traded up $0.13 during midday trading on Thursday, hitting $26.93. 143,726 shares of the company were exchanged, compared to its average volume of 179,424. The company's fifty day moving average price is $26.87 and its 200-day moving average price is $29.73. The company has a market cap of $798.21 million, a PE ratio of 40.19, a price-to-earnings-growth ratio of 3.33 and a beta of 0.43. HealthStream, Inc. has a fifty-two week low of $25.36 and a fifty-two week high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $74.40 million for the quarter, compared to analyst estimates of $74.39 million. HealthStream had a return on equity of 5.70% and a net margin of 6.89%. HealthStream has set its FY 2025 guidance at EPS. On average, analysts expect that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 18th. HealthStream's dividend payout ratio is presently 17.91%.

HealthStream announced that its board has initiated a stock buyback plan on Thursday, May 8th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their target price on shares of HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.00.

HealthStream Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.