Short Interest in HealthStream, Inc. (NASDAQ:HSTM) Expands By 13.6%

HealthStream, Inc. (NASDAQ:HSTMGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 313,100 shares, an increase of 13.6% from the February 29th total of 275,700 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 95,900 shares, the days-to-cover ratio is presently 3.3 days.

HealthStream Price Performance

NASDAQ HSTM opened at $25.93 on Tuesday. The stock has a market capitalization of $785.68 million, a price-to-earnings ratio of 52.28, a PEG ratio of 4.36 and a beta of 0.36. HealthStream has a one year low of $20.47 and a one year high of $29.12. The business’s fifty day moving average is $26.74 and its 200-day moving average is $25.50.

HealthStream (NASDAQ:HSTMGet Free Report) last announced its quarterly earnings results on Monday, February 19th. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. HealthStream had a return on equity of 4.71% and a net margin of 5.45%. The firm had revenue of $70.58 million for the quarter, compared to analysts’ expectations of $71.83 million. During the same period in the prior year, the business posted $0.08 earnings per share. Research analysts expect that HealthStream will post 0.51 EPS for the current fiscal year.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.028 per share. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.11 annualized dividend and a dividend yield of 0.43%. HealthStream’s payout ratio is presently 22.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HSTM shares. JMP Securities started coverage on shares of HealthStream in a research report on Wednesday, December 6th. They issued a “market perform” rating for the company. Barclays started coverage on shares of HealthStream in a research report on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price target for the company. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, William Blair reissued an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

View Our Latest Stock Analysis on HSTM

Insiders Place Their Bets

In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the transaction, the executive vice president now owns 42,525 shares in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the sale, the executive vice president now owns 42,525 shares in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. Company insiders own 21.30% of the company’s stock.

Institutional Trading of HealthStream

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in HealthStream by 79.4% in the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after purchasing an additional 501 shares in the last quarter. Signaturefd LLC boosted its position in HealthStream by 568.2% in the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock worth $25,000 after purchasing an additional 983 shares during the last quarter. Point72 Middle East FZE purchased a new position in HealthStream in the second quarter worth about $29,000. DekaBank Deutsche Girozentrale purchased a new position in HealthStream in the third quarter worth about $30,000. Finally, Quantbot Technologies LP bought a new position in shares of HealthStream in the third quarter worth about $34,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About HealthStream

(Get Free Report)

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.

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