Jacobs Levy Equity Management Inc. Increases Stock Position in HealthStream, Inc. $HSTM

Jacobs Levy Equity Management Inc. increased its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 30.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,906 shares of the technology company's stock after purchasing an additional 51,070 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.71% of HealthStream worth $6,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of HSTM. First Horizon Advisors Inc. grew its stake in shares of HealthStream by 99.6% in the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock worth $34,000 after purchasing an additional 527 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after purchasing an additional 490 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of HealthStream by 62.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock worth $84,000 after purchasing an additional 1,010 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of HealthStream in the first quarter worth about $161,000. Finally, Bessemer Group Inc. grew its stake in shares of HealthStream by 84.1% in the first quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company's stock worth $222,000 after purchasing an additional 3,150 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Kevin P. O'hara sold 2,000 shares of the business's 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.50% of the company's stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective 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 research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, HealthStream has a consensus rating of "Moderate Buy" and an average price target of $31.00.

HealthStream Stock Down 1.2%

Shares of HSTM stock traded down $0.36 during trading hours on Friday, hitting $28.86. 206,762 shares of the company's stock traded hands, compared to its average volume of 186,854. The stock's fifty day simple moving average is $27.12 and its two-hundred day simple moving average is $29.09. HealthStream, Inc. has a 12-month low of $25.36 and a 12-month high of $34.24. The stock has a market cap of $855.41 million, a price-to-earnings ratio of 43.08, a PEG ratio of 3.66 and a beta of 0.47.

HealthStream (NASDAQ:HSTM - Get Free Report) last released 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. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. The firm 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. On average, equities analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 18th. HealthStream's dividend payout ratio (DPR) is presently 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.