HealthStream, Inc. $HSTM Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its position in HealthStream, Inc. (NASDAQ:HSTM) by 268.2% in the first quarter, Holdings Channel reports. The firm owned 157,208 shares of the technology company’s stock after acquiring an additional 114,511 shares during the period. Lazard Asset Management LLC’s holdings in HealthStream were worth $3,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of HealthStream by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock worth $30,156,000 after buying an additional 87,177 shares during the period. Copeland Capital Management LLC grew its holdings in HealthStream by 43.8% during the first quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock worth $26,441,000 after acquiring an additional 389,186 shares during the period. Renaissance Technologies LLC grew its stake in shares of HealthStream by 0.5% during the 1st quarter. Renaissance Technologies LLC now owns 477,848 shares of the technology company’s stock worth $9,896,000 after purchasing an additional 2,380 shares during the period. JPMorgan Chase & Co. grew its position in HealthStream by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 452,897 shares of the technology company’s stock worth $10,448,000 after buying an additional 20,075 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in shares of HealthStream by 1.1% in the 4th quarter. First Eagle Investment Management LLC now owns 413,698 shares of the technology company’s stock worth $9,544,000 after acquiring an additional 4,300 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HSTM. Canaccord Genuity Group increased their price objective on shares of HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded HealthStream from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HealthStream currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Insider Buying and Selling at HealthStream

In related news, EVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $24.08, for a total value of $72,240.00. Following the sale, the executive vice president directly owned 20,982 shares of the company’s stock, valued at $505,246.56. This represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Linda Rebrovick sold 6,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the sale, the director owned 51,329 shares in the company, valued at approximately $1,488,541. This trade represents a 10.47% decrease in their position. 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. Insiders sold 11,000 shares of company stock worth $296,240 over the last ninety days. 20.40% of the stock is currently owned by corporate insiders.

HealthStream Stock Performance

Shares of NASDAQ:HSTM opened at $28.04 on Friday. The company has a market cap of $819.33 million, a P/E ratio of 41.85, a PEG ratio of 3.18 and a beta of 0.45. The business’s 50-day simple moving average is $26.80 and its 200 day simple moving average is $23.31. HealthStream, Inc. has a one year low of $19.50 and a one year high of $30.00.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, May 4th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. HealthStream had a net margin of 6.39% and a return on equity of 6.47%. The business had revenue of $81.20 million for the quarter, compared to analysts’ expectations of $79.68 million. Analysts predict that HealthStream, Inc. will post 0.74 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, May 18th. HealthStream’s dividend payout ratio is presently 20.90%.

About HealthStream

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.