Cubist Systematic Strategies LLC Takes $390,000 Position in HealthStream, Inc. $HSTM

Key Points

• Cubist Systematic Strategies LLC has invested approximately $390,000 to acquire 12,120 shares of HealthStream, Inc. in the first quarter, reflecting growing interest in the company's stock.
• HealthStream's stock has an average rating of "Moderate Buy", with a revised price target of $28.00 from Canaccord Genuity Group.
• The company recently announced a quarterly dividend of $0.031 per share, translating to an annual yield of 0.4% and a payout ratio of 17.91%.

Cubist Systematic Strategies LLC bought a new position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,120 shares of the technology company's stock, valued at approximately $390,000.

A number of other large investors have also modified their holdings of the company. Diversified Trust Co increased its stake in HealthStream by 5.0% during the 1st quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock valued at $295,000 after buying an additional 441 shares during the period. GAMMA Investing LLC increased its stake in shares of HealthStream by 30.8% during the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock valued at $67,000 after acquiring an additional 490 shares during the period. First Horizon Advisors Inc. increased its stake in shares of HealthStream by 99.6% during the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock valued at $34,000 after acquiring an additional 527 shares during the period. Comerica Bank increased its stake in shares of HealthStream by 7.1% during the fourth quarter. Comerica Bank now owns 9,373 shares of the technology company's stock valued at $298,000 after acquiring an additional 618 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of HealthStream by 62.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,010 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Insider Buying and Selling at HealthStream

In other news, EVP Kevin P. O'hara sold 2,000 shares of HealthStream stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total value of $55,940.00. Following the transaction, the executive vice president directly owned 17,137 shares of the company's stock, valued at $479,321.89. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 20.50% of the stock is currently owned by company insiders.

HealthStream Price Performance

Shares of HSTM remained flat at $29.00 during mid-day trading on Wednesday. 199,311 shares of the stock traded hands, compared to its average volume of 179,512. The company has a market cap of $859.59 million, a PE ratio of 43.28, a price-to-earnings-growth ratio of 3.63 and a beta of 0.47. HealthStream, Inc. has a 12 month low of $25.36 and a 12 month high of $34.24. The company has a fifty day moving average of $27.21 and a 200-day moving average of $29.03.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share (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 net margin of 6.89% and a return on equity of 5.70%. HealthStream has set its FY 2025 guidance at EPS. Equities research analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.031 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. HealthStream's dividend payout ratio (DPR) is currently 17.91%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on HealthStream from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, HealthStream presently has a consensus rating of "Moderate Buy" and an average 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.