HealthStream (NASDAQ:HSTM) Shares Gap Down to $30.70

HealthStream, Inc. (NASDAQ:HSTM) gapped down prior to trading on Tuesday . The stock had previously closed at $30.70, but opened at $29.69. HealthStream shares last traded at $30.27, with a volume of 23,357 shares trading hands.

Analyst Upgrades and Downgrades

HSTM has been the subject of several research reports. Canaccord Genuity Group lifted their price target on shares of HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

HealthStream Stock Performance

The firm has a 50 day simple moving average of $27.97 and a two-hundred day simple moving average of $26.97. The firm has a market capitalization of $885.86 million, a P/E ratio of 50.24, a PEG ratio of 4.55 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last issued 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 analysts’ expectations of $72.85 million. HealthStream had a return on equity of 5.21% and a net margin of 6.26%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. Sell-side analysts anticipate that HealthStream, Inc. will post 0.54 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 5th will be issued a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Monday, August 5th. HealthStream’s dividend payout ratio (DPR) is currently 18.97%.

Insider Buying and Selling

In related news, SVP Scott Fenstermacher sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total value of $26,190.00. Following the transaction, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at approximately $340,679.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 20.60% of the stock is owned by insiders.

Institutional Investors Weigh In On HealthStream

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after purchasing an additional 630 shares during the last quarter. Parallel Advisors LLC lifted its holdings in 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 purchasing an additional 501 shares during the last quarter. CWM LLC lifted its holdings in HealthStream by 405.4% during the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,173 shares during the last quarter. Diversified Trust Co bought a new stake in shares of HealthStream during the first quarter valued at about $213,000. Finally, EntryPoint Capital LLC increased its position in shares of HealthStream by 80.4% during the first quarter. EntryPoint Capital LLC now owns 8,045 shares of the technology company’s stock valued at $214,000 after buying an additional 3,586 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.