HealthStream, Inc. $HSTM Shares Sold by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. has reduced its stake in HealthStream, Inc. by 19.2%, selling 81,666 shares in the second quarter, leaving it with 343,124 shares valued at approximately $9.49 million.
• HealthStream reported a quarterly EPS of $0.18, exceeding analyst expectations of $0.16, and had revenue of $74.4 million, slightly above consensus estimates.
• The company recently declared a quarterly dividend of $0.031 per share, reflecting an annualized dividend yield of 0.4%.

Harbor Capital Advisors Inc. reduced its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 343,124 shares of the technology company's stock after selling 81,666 shares during the quarter. Harbor Capital Advisors Inc. owned 1.12% of HealthStream worth $9,494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Diversified Trust Co increased its stake in HealthStream by 5.0% in the first quarter. Diversified Trust Co now owns 9,174 shares of the technology company's stock valued at $295,000 after acquiring an additional 441 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $67,000 after purchasing an additional 490 shares in the last quarter. First Horizon Advisors Inc. boosted its position in HealthStream by 99.6% during the 1st 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 in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of HealthStream by 62.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock valued at $84,000 after buying an additional 1,010 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HealthStream by 1.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 99,514 shares of the technology company's stock worth $3,202,000 after acquiring an additional 1,047 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Trading Down 0.6%

NASDAQ HSTM traded down $0.17 on Friday, reaching $29.00. 498,110 shares of the stock were exchanged, compared to its average volume of 181,721. The firm has a market capitalization of $859.56 million, a PE ratio of 43.28, a PEG ratio of 3.66 and a beta of 0.47. HealthStream, Inc. has a one year low of $25.36 and a one year high of $34.24. The company's 50-day simple moving average is $27.30 and its two-hundred day simple moving average is $28.96.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its 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. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders 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 payout ratio is presently 17.91%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, EVP Kevin P. O'hara sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $27.97, for a total value of $55,940.00. Following the sale, the executive vice president directly owned 17,137 shares in the company, valued at $479,321.89. The trade was a 10.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 20.50% of the company's stock.

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.