HealthStream (NASDAQ:HSTM) Trading 3.4% Higher Following Strong Earnings

HealthStream, Inc. (NASDAQ:HSTM)’s stock price traded up 3.4% during trading on Tuesday following a stronger than expected earnings report. The company traded as high as $29.59 and last traded at $29.43. 22,478 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 111,556 shares. The stock had previously closed at $28.45.

The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. During the same quarter last year, the firm posted $0.13 EPS. HealthStream’s revenue was up 4.0% compared to the same quarter last year.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.028 dividend. This represents a $0.11 annualized dividend and a yield of 0.39%. The ex-dividend date is Monday, November 4th. HealthStream’s payout ratio is currently 18.97%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HSTM shares. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Barclays lifted their price target on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group raised their price objective on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Insider Buying and Selling at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the sale, the director now directly owns 22,326 shares in the company, valued at $636,960.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On HealthStream

A number of hedge funds have recently made changes to their positions in HSTM. GAMMA Investing LLC raised its stake 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 acquiring an additional 630 shares during the period. Point72 DIFC Ltd bought a new stake in HealthStream in the 2nd quarter valued at about $38,000. Copeland Capital Management LLC bought a new stake in HealthStream in the 3rd quarter valued at about $63,000. CWM LLC raised its stake in HealthStream by 405.4% in the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after acquiring an additional 2,173 shares during the period. Finally, XTX Topco Ltd bought a new stake in HealthStream in the 2nd quarter valued at about $214,000. 69.58% of the stock is currently owned by institutional investors.

HealthStream Stock Performance

The stock has a 50 day moving average of $28.70 and a 200-day moving average of $27.88. The firm has a market capitalization of $870.29 million, a P/E ratio of 49.36, a PEG ratio of 4.25 and a beta of 0.36.

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.