HealthStream, Inc. (NASDAQ:HSTM) Short Interest Update

HealthStream, Inc. (NASDAQ:HSTM) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 521,700 shares, an increase of 5.4% from the August 31st total of 495,000 shares. Based on an average daily trading volume, of 119,700 shares, the short-interest ratio is currently 4.4 days. Approximately 2.2% of the company’s shares are sold short.

Insider Activity at HealthStream

In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the sale, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin P. O’hara sold 3,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the transaction, the senior vice president now owns 9,527 shares of the company’s stock, valued at approximately $267,041.81. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HealthStream

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in HealthStream by 172.1% in the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after buying an additional 630 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after acquiring an additional 501 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of HealthStream during the second quarter worth $38,000. CWM LLC grew its stake in shares of HealthStream by 405.4% in the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,173 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in HealthStream in the second quarter valued at $214,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HSTM. Canaccord Genuity Group increased their price objective on HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

HealthStream Stock Performance

Shares of HSTM stock traded up $0.56 during trading on Tuesday, hitting $29.40. The company had a trading volume of 194,105 shares, compared to its average volume of 110,675. The firm has a market capitalization of $893.70 million, a P/E ratio of 50.93, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36. HealthStream has a one year low of $21.49 and a one year high of $31.15. The stock’s 50-day moving average price is $28.61 and its 200 day moving average price is $27.56.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $71.56 million for the quarter, compared to analyst estimates of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. HealthStream’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. On average, research analysts anticipate that HealthStream will post 0.56 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a dividend of $0.028 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.11 annualized dividend and a dividend yield of 0.38%. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

About HealthStream

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.