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

HealthStream, Inc. (NASDAQ:HSTM) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 281,300 shares, a growth of 15.9% from the March 31st total of 242,800 shares. Based on an average daily volume of 110,200 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.2% of the shares of the company are short sold.

Insider Activity

In related news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the sale, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the executive vice president now owns 42,525 shares in the company, valued at approximately $1,158,806.25. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company’s stock.

Institutional Trading of HealthStream

A number of large investors have recently added to or reduced their stakes in HSTM. Signaturefd LLC increased its holdings in shares of HealthStream by 568.2% in the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock valued at $25,000 after buying an additional 983 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of HealthStream in the 3rd quarter worth $30,000. Parallel Advisors LLC raised its position in shares of HealthStream by 79.4% during 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 during the period. Quantbot Technologies LP purchased a new stake in shares of HealthStream during the third quarter valued at $34,000. Finally, Diversified Trust Co acquired a new position in shares of HealthStream in the 1st quarter valued at $213,000. 69.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HSTM shares. William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, Barclays started coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price target for the company. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Price Performance

Shares of HealthStream stock traded up $0.36 during trading on Monday, hitting $25.97. The stock had a trading volume of 106,301 shares, compared to its average volume of 106,616. The business has a fifty day moving average of $26.05 and a two-hundred day moving average of $25.95. HealthStream has a fifty-two week low of $20.47 and a fifty-two week high of $29.12. The firm has a market cap of $789.49 million, a P/E ratio of 44.16, a PEG ratio of 3.95 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The firm had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. During the same period in the previous year, the business earned $0.12 earnings per share. HealthStream’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that HealthStream will post 0.54 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, May 3rd. HealthStream’s dividend payout ratio is presently 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.