Jeffrey L. Mclaren Sells 5,000 Shares of HealthStream, Inc. (NASDAQ:HSTM) Stock

HealthStream, Inc. (NASDAQ:HSTM) Director Jeffrey L. Mclaren sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the sale, the director now owns 14,193 shares of the company’s stock, valued at $405,635.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ:HSTM traded up $0.15 on Monday, reaching $28.47. 179,431 shares of the company traded hands, compared to its average volume of 112,968. HealthStream, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $31.86. The firm has a 50 day simple moving average of $26.72. The stock has a market cap of $919.73 million, a PE ratio of 66.21, a PEG ratio of 6.19 and a beta of 0.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 2.18.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. HealthStream had a return on equity of 4.22% and a net margin of 5.71%. The company had revenue of $63.78 million during the quarter, compared to the consensus estimate of $63.12 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, research analysts forecast that HealthStream, Inc. will post 0.38 earnings per share for the current fiscal year.



HSTM has been the subject of a number of research analyst reports. Barrington Research restated a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. Zacks Investment Research upgraded HealthStream from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday, July 25th. BidaskClub upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, ValuEngine upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.00.

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of HealthStream by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 349,698 shares of the technology company’s stock worth $9,044,000 after acquiring an additional 9,869 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of HealthStream in the 2nd quarter valued at approximately $202,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of HealthStream by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 150,039 shares of the technology company’s stock valued at $3,881,000 after buying an additional 2,522 shares during the period. Panagora Asset Management Inc. lifted its holdings in shares of HealthStream by 0.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 391,521 shares of the technology company’s stock valued at $10,125,000 after buying an additional 2,426 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of HealthStream by 10.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 25,752 shares of the technology company’s stock valued at $666,000 after buying an additional 2,504 shares during the period. Institutional investors own 70.67% of the company’s stock.

About HealthStream

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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