Insider Selling: HealthStream (NASDAQ:HSTM) EVP Sells $124,440.00 in Stock

Key Points

• HealthStream EVP Kevin O’Hara sold 4,000 shares for $124,440 at an average price of $31.11, reducing his stake by 17.47% to 18,901 shares.
• HealthStream reported quarterly EPS of $0.18, beating the $0.16 consensus estimate, and revenue of $83.31 million, ahead of forecasts.
• Shares fell 2.4% to $28.89 in Friday trading. Analysts’ consensus rating was Hold, with a $36 average price target; the company also announced a quarterly dividend of $0.035 per share.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) EVP Kevin O'hara sold 4,000 shares of the firm's stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $31.11, for a total transaction of $124,440.00. Following the sale, the executive vice president owned 18,901 shares of the company's stock, valued at $588,010.11. This trade represents a 17.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

HealthStream Trading Down 2.4%

Shares of NASDAQ:HSTM traded down $0.71 during mid-day trading on Friday, reaching $28.89. The company had a trading volume of 249,732 shares, compared to its average volume of 254,352. The firm has a market cap of $844.02 million, a price-to-earnings ratio of 41.27, a PEG ratio of 3.76 and a beta of 0.45. The company's 50-day moving average price is $31.20 and its 200-day moving average price is $25.79. HealthStream, Inc. has a one year low of $19.50 and a one year high of $35.60.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a return on equity of 6.37% and a net margin of 6.25%. The company had revenue of $83.31 million during the quarter, compared to analyst estimates of $82.24 million. On average, research analysts anticipate that HealthStream, Inc. will post 0.72 EPS for the current fiscal year.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a dividend of $0.0350 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, November 16th. HealthStream's dividend payout ratio (DPR) is currently 20.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HSTM. Craig Hallum lowered shares of HealthStream from a "buy" rating to a "hold" rating and set a $40.00 price target on the stock. in a research report on Tuesday. Freedom Capital upgraded shares of HealthStream to a "hold" rating in a research note on Tuesday, October 13th. Wall Street Zen upgraded shares of HealthStream from a "hold" rating to a "buy" rating in a research note on Saturday, October 31st. Weiss Ratings raised shares of HealthStream from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Finally, Citigroup restated a "market perform" rating on shares of HealthStream in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $36.00.

Institutional Investors Weigh In On HealthStream

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in HealthStream by 21.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 377,945 shares of the technology company's stock valued at $7,827,000 after acquiring an additional 65,806 shares in the last quarter. Quantinno Capital Management LP lifted its stake in HealthStream by 283.5% in the 1st quarter. Quantinno Capital Management LP now owns 50,169 shares of the technology company's stock worth $1,039,000 after purchasing an additional 37,088 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in HealthStream by 268.2% in the 1st quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company's stock valued at $3,256,000 after purchasing an additional 114,511 shares during the period. Bank of New York Mellon Corp bought a new position in HealthStream in the 2nd quarter valued at $6,199,000. Finally, Dimensional Fund Advisors LP grew its position in shares of HealthStream by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company's stock valued at $30,156,000 after purchasing an additional 87,177 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company's offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.

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