HealthStream, Inc. (NASDAQ:HSTM) Short Interest Down 21.1% in May

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 463,300 shares, a drop of 21.1% from the April 30th total of 587,200 shares. Based on an average trading volume of 206,200 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.9% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HSTM. Canaccord Genuity Group dropped their target price on HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Thursday, May 15th. William Blair reissued an "outperform" rating on shares of HealthStream in a report on Tuesday, February 25th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.50.

Institutional Trading of HealthStream

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its holdings in shares of HealthStream by 99.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock valued at $34,000 after buying an additional 527 shares during the period. GAMMA Investing LLC increased its position in HealthStream by 30.8% during the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after buying an additional 490 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in HealthStream during the fourth quarter worth $80,000. PNC Financial Services Group Inc. grew its position 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 valued at $84,000 after purchasing an additional 1,010 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of HealthStream in the fourth quarter valued at $114,000. 69.58% of the stock is owned by institutional investors and hedge funds.

HealthStream Stock Down 0.2%

Shares of HealthStream stock traded down $0.06 on Thursday, reaching $28.30. The company's stock had a trading volume of 132,316 shares, compared to its average volume of 148,143. The company has a market capitalization of $863.86 million, a P/E ratio of 43.54, a PEG ratio of 4.37 and a beta of 0.50. HealthStream has a 52-week low of $25.84 and a 52-week high of $34.24. The stock has a 50-day moving average price of $30.30 and a 200-day moving average price of $31.65.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The firm had revenue of $73.49 million during the quarter, compared to analyst estimates of $74.93 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period in the prior year, the firm earned $0.17 earnings per share. Sell-side analysts forecast that HealthStream will post 0.63 earnings per share for the current fiscal year.

HealthStream announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.031 per share. The ex-dividend date was Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. HealthStream's dividend payout ratio is currently 19.05%.

HealthStream Company 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.