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

HealthStream, Inc. (NASDAQ:HSTM) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 346,500 shares, an increase of 22.0% from the June 30th total of 284,100 shares. Based on an average daily trading volume, of 118,300 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.5% of the shares of the company are sold short.

Insider Transactions at HealthStream

In other news, SVP Scott Fenstermacher sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the transaction, the senior vice president now directly owns 13,008 shares in the company, valued at $340,679.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 20.60% of the company’s stock.

Institutional Trading of HealthStream

Large investors have recently made changes to their positions in the business. Wakefield Asset Management LLLP bought a new stake in shares of HealthStream during the first quarter worth $909,000. State Board of Administration of Florida Retirement System grew its holdings in shares of HealthStream by 1.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock worth $2,134,000 after purchasing an additional 1,131 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of HealthStream by 14.8% during the fourth quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock worth $11,013,000 after purchasing an additional 52,652 shares during the last quarter. Jump Financial LLC bought a new stake in shares of HealthStream during the fourth quarter worth $307,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in HealthStream by 9.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock valued at $8,280,000 after acquiring an additional 27,274 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HSTM. Canaccord Genuity Group upped their target price on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

HealthStream Stock Down 0.7 %

NASDAQ:HSTM traded down $0.20 during trading hours on Tuesday, reaching $29.21. The company had a trading volume of 246,392 shares, compared to its average volume of 110,383. The stock has a 50-day moving average of $28.15 and a two-hundred day moving average of $27.06. HealthStream has a one year low of $20.47 and a one year high of $31.15. The firm has a market capitalization of $888.28 million, a PE ratio of 50.36, a PEG ratio of 4.29 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The firm had revenue of $71.56 million for the quarter, compared to analysts’ expectations of $72.85 million. During the same period in the prior year, the business posted $0.13 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that HealthStream will post 0.57 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. Shareholders of record on Monday, August 5th will be given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Monday, August 5th. HealthStream’s dividend payout ratio (DPR) is 18.97%.

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.