HealthStream, Inc. (NASDAQ:HSTM) Sees Large Decrease in Short Interest

HealthStream, Inc. (NASDAQ:HSTM) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 262,800 shares, a drop of 5.2% from the May 15th total of 277,300 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 115,800 shares, the days-to-cover ratio is currently 2.3 days.

HealthStream Stock Up 0.0 %

Shares of HealthStream stock opened at $27.70 on Tuesday. The firm’s 50 day moving average price is $26.61 and its 200-day moving average price is $26.60. The company has a market cap of $842.08 million, a P/E ratio of 47.76, a PEG ratio of 4.27 and a beta of 0.38. HealthStream has a 52-week low of $20.47 and a 52-week high of $29.12.

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

HealthStream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, May 3rd. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HSTM shares. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 30th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Transactions at HealthStream

In other news, SVP Scott Fenstermacher sold 1,000 shares of the firm’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 completion of the sale, the senior vice president now owns 13,008 shares in the company, valued at approximately $340,679.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 20.60% of the company’s stock.

Institutional Trading of HealthStream

Institutional investors and hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its stake in HealthStream by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock valued at $1,590,000 after acquiring an additional 463 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in HealthStream by 2.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 194,988 shares of the technology company’s stock valued at $4,208,000 after acquiring an additional 4,717 shares during the period. First Eagle Investment Management LLC lifted its stake in HealthStream by 14.8% during the 4th quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock valued at $11,013,000 after acquiring an additional 52,652 shares during the period. Invesco Ltd. lifted its stake in HealthStream by 3.4% during the 3rd quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock valued at $6,685,000 after acquiring an additional 10,265 shares during the period. Finally, Barclays PLC lifted its stake in HealthStream by 3.4% during the 3rd quarter. Barclays PLC now owns 29,808 shares of the technology company’s stock valued at $643,000 after acquiring an additional 985 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

About HealthStream

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.