HealthStream, Inc. $HSTM Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 65.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 24,802 shares of the technology company’s stock after selling 47,720 shares during the quarter. Inspire Investing LLC’s holdings in HealthStream were worth $514,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System purchased a new stake in HealthStream in the first quarter valued at $217,000. Diversified Trust Co grew its holdings in shares of HealthStream by 12.1% during the 1st quarter. Diversified Trust Co now owns 13,717 shares of the technology company’s stock worth $284,000 after purchasing an additional 1,480 shares during the period. AG Campbell Advisory LLC purchased a new position in shares of HealthStream during the 4th quarter worth $137,000. Invesco Ltd. increased its position in shares of HealthStream by 0.9% during the 4th quarter. Invesco Ltd. now owns 151,691 shares of the technology company’s stock worth $3,500,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC acquired a new stake in shares of HealthStream during the 4th quarter worth about $721,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on HSTM shares. Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Finally, Canaccord Genuity Group lifted their price target on shares of HealthStream to $24.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, HealthStream presently has an average rating of “Hold” and a consensus price target of $24.00.

Insider Transactions at HealthStream

In other HealthStream news, EVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $24.08, for a total value of $72,240.00. Following the completion of the transaction, the executive vice president directly owned 20,982 shares of the company’s stock, valued at $505,246.56. The trade was a 12.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda Rebrovick sold 2,000 shares of HealthStream stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the director directly owned 54,181 shares of the company’s stock, valued at approximately $1,354,525. This represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.40% of the company’s stock.

HealthStream Price Performance

NASDAQ:HSTM opened at $28.41 on Friday. The stock’s fifty day moving average is $24.66 and its two-hundred day moving average is $22.64. HealthStream, Inc. has a 52 week low of $19.50 and a 52 week high of $29.63. The stock has a market capitalization of $830.14 million, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 3.22 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, May 4th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. HealthStream had a return on equity of 6.47% and a net margin of 6.39%.The business had revenue of $81.20 million during the quarter, compared to analyst estimates of $79.68 million. On average, sell-side analysts expect that HealthStream, Inc. will post 0.74 EPS for the current fiscal year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, May 18th. HealthStream’s dividend payout ratio (DPR) is 20.90%.

HealthStream announced that its board has initiated a share buyback program on Friday, March 13th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 1.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

HealthStream Company Profile

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.