Robert Frist Jr Sells 144,068 Shares of HealthStream (NASDAQ:HSTM) Stock

Key Points

• CEO Robert Frist Jr. sold 144,068 HealthStream shares at an average price of $29.50, generating approximately $4.25 million. He retained 3.91 million shares, reducing his ownership by 3.56%.
• HealthStream shares rose 0.1% to $29.65, near their 52-week high of $31.11. The company recently exceeded quarterly earnings and revenue expectations, reporting EPS of $0.23 and revenue of $83.73 million.
• Analysts maintain an overall “Hold” rating with an average price target of $27, while institutional investors own 69.58% of the company. HealthStream also pays a quarterly dividend of $0.035 per share, yielding about 0.5% annually.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) CEO Robert Frist, Jr. sold 144,068 shares of the firm's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the transaction, the chief executive officer directly owned 3,907,038 shares of the company's stock, valued at approximately $115,257,621. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

HealthStream Stock Up 0.1%

Shares of HSTM traded up $0.02 during midday trading on Tuesday, hitting $29.65. The company had a trading volume of 202,612 shares, compared to its average volume of 262,836. The stock has a market cap of $866.22 million, a price-to-earnings ratio of 41.18, a PEG ratio of 3.37 and a beta of 0.44. The company's 50 day moving average price is $28.61 and its 200 day moving average price is $25.02. HealthStream, Inc. has a 52 week low of $19.50 and a 52 week high of $31.11.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. Equities analysts anticipate that HealthStream, Inc. will post 0.72 EPS for the current fiscal year.

HealthStream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were given a $0.035 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. HealthStream's dividend payout ratio (DPR) is presently 19.44%.

Analyst Ratings Changes

Several research firms recently issued reports on HSTM. Canaccord Genuity Group upped their price target on HealthStream from $24.00 to $27.00 and gave the company a "hold" rating in a research report on Tuesday, July 21st. Wall Street Zen raised shares of HealthStream from a "hold" rating to a "buy" rating in a report on Sunday, August 30th. Finally, Weiss Ratings upgraded shares of HealthStream from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 28th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HealthStream has an average rating of "Hold" and an average target price of $27.00.

Hedge Funds Weigh In On HealthStream

A number of large investors have recently bought and sold shares of the business. Essential Partners LLC bought a new position in shares of HealthStream during the first quarter valued at approximately $25,000. Integrated Wealth Concepts LLC bought a new stake in shares of HealthStream in the 2nd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its position in HealthStream by 76.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company's stock valued at $28,000 after purchasing an additional 444 shares during the period. Hantz Financial Services Inc. boosted its position in HealthStream by 2,035.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company's stock valued at $31,000 after purchasing an additional 1,262 shares during the period. Finally, Global Retirement Partners LLC bought a new position in HealthStream during the 2nd quarter worth $31,000. Institutional investors own 69.58% of the company's stock.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its cloud-based offerings help hospitals, health systems and other healthcare providers manage employee training, education, credentialing, compliance and professional development.

The company's products and services include learning and talent-management tools, provider credentialing and enrollment solutions, performance assessment, clinical development resources, and patient-experience measurement services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.