1,373 Shares in HealthStream, Inc. (NASDAQ:HSTM) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,373 shares of the technology company’s stock, valued at approximately $38,000.

Several other large investors have also bought and sold shares of HSTM. Wakefield Asset Management LLLP bought a new position in HealthStream during the first quarter worth $909,000. Vanguard Group Inc. raised its position in shares of HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after acquiring an additional 31,943 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of HealthStream by 1.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock valued at $2,134,000 after purchasing an additional 1,131 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of HealthStream by 58.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after purchasing an additional 54,227 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of HealthStream by 7.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after purchasing an additional 35,350 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on HSTM shares. Canaccord Genuity Group raised their price objective on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, HealthStream presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

HealthStream Stock Up 0.6 %

NASDAQ HSTM opened at $28.45 on Monday. HealthStream, Inc. has a 52 week low of $21.49 and a 52 week high of $31.15. The business has a 50 day moving average price of $28.65 and a 200-day moving average price of $27.54. The company has a market cap of $864.82 million, a price-to-earnings ratio of 49.05, a P/E/G ratio of 4.25 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The firm had revenue of $71.56 million for the quarter, compared to the consensus estimate of $72.85 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that HealthStream, Inc. will post 0.56 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a $0.028 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.11 annualized dividend and a yield of 0.39%. HealthStream’s payout ratio is 18.97%.

Insider Buying and Selling at HealthStream

In other news, Director Tate Deborah Taylor sold 1,400 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the sale, the director now directly owns 22,326 shares of the company’s stock, valued at $636,960.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the sale, the senior vice president now owns 9,527 shares of the company’s stock, valued at approximately $267,041.81. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

HealthStream 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.