Goldman Sachs Group Inc. Has $5 Million Position in HealthStream, Inc. $HSTM

Key Points

• Goldman Sachs Group Inc. reduced its stake in HealthStream, Inc. by 26.6%, owning 155,286 shares valued at approximately $5 million after selling 56,367 shares in the first quarter.
• The firm has recently announced a quarterly dividend of $0.031 per share, giving it an annualized dividend yield of 0.4%.
• HealthStream reported earnings of $0.18 per share for the last quarter, exceeding the consensus estimate by $0.02, with revenue aligning closely to analysts' expectations at $74.40 million.

Goldman Sachs Group Inc. lowered its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 26.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,286 shares of the technology company's stock after selling 56,367 shares during the period. Goldman Sachs Group Inc. owned 0.51% of HealthStream worth $4,997,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HSTM. Bank of America Corp DE grew its holdings in HealthStream by 12.1% during the 4th quarter. Bank of America Corp DE now owns 49,261 shares of the technology company's stock worth $1,566,000 after acquiring an additional 5,330 shares during the period. Deutsche Bank AG grew its holdings in HealthStream by 50.1% during the 4th quarter. Deutsche Bank AG now owns 25,888 shares of the technology company's stock worth $823,000 after acquiring an additional 8,646 shares during the period. Lazard Asset Management LLC grew its holdings in HealthStream by 33.2% during the 4th quarter. Lazard Asset Management LLC now owns 32,478 shares of the technology company's stock worth $1,031,000 after acquiring an additional 8,090 shares during the period. ProShare Advisors LLC acquired a new stake in HealthStream during the 4th quarter worth $233,000. Finally, Squarepoint Ops LLC grew its holdings in HealthStream by 13.2% during the 4th quarter. Squarepoint Ops LLC now owns 11,257 shares of the technology company's stock worth $358,000 after acquiring an additional 1,316 shares during the period. Institutional investors and hedge funds own 69.58% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other news, EVP Kevin P. O'hara sold 2,000 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president owned 17,137 shares of the company's stock, valued at $479,321.89. The trade was a 10.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.60% of the stock is owned by company insiders.

HealthStream Price Performance

Shares of HSTM stock opened at $29.00 on Wednesday. HealthStream, Inc. has a 12-month low of $25.36 and a 12-month high of $34.24. The firm has a market capitalization of $859.56 million, a price-to-earnings ratio of 43.28, a price-to-earnings-growth ratio of 3.63 and a beta of 0.47. The firm has a fifty day moving average of $27.18 and a 200-day moving average of $29.03.

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

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.031 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. HealthStream's payout ratio is 17.91%.

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.

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