Connors Investor Services Inc. grew its stake in shares of HealthStream, Inc. (NASDAQ:HSTM – Get Rating) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,102 shares of the technology company's stock after purchasing an additional 7,750 shares during the quarter. Connors Investor Services Inc. owned approximately 0.60% of HealthStream worth $3,627,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HSTM. Captrust Financial Advisors boosted its stake in shares of HealthStream by 30.1% during the first quarter. Captrust Financial Advisors now owns 4,344 shares of the technology company's stock valued at $87,000 after purchasing an additional 1,005 shares during the period. SG Americas Securities LLC purchased a new stake in shares of HealthStream during the first quarter valued at approximately $121,000. State of Tennessee Treasury Department boosted its stake in shares of HealthStream by 17.9% during the first quarter. State of Tennessee Treasury Department now owns 9,566 shares of the technology company's stock valued at $191,000 after purchasing an additional 1,450 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in HealthStream by 26.2% in the first quarter. Campbell & CO Investment Adviser LLC now owns 10,102 shares of the technology company's stock worth $201,000 after acquiring an additional 2,100 shares during the period. Finally, Inspire Investing LLC purchased a new stake in HealthStream in the first quarter worth $235,000. Hedge funds and other institutional investors own 71.08% of the company's stock.

Insiders Place Their Bets

In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $24.17, for a total value of $120,850.00. Following the completion of the transaction, the director now owns 13,065 shares in the company, valued at $315,781.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 21.20% of the stock is owned by corporate insiders.

HealthStream Stock Down 2.4 %

HealthStream (NASDAQ:HSTM – Get Rating) last posted its quarterly earnings data on Monday, July 25th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The business had revenue of $65.60 million during the quarter, compared to the consensus estimate of $66.27 million. HealthStream had a return on equity of 2.70% and a net margin of 2.73%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share. Equities research analysts anticipate that HealthStream, Inc. will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on HSTM shares. Canaccord Genuity Group raised their price target on HealthStream from $22.00 to $24.00 in a research note on Wednesday, July 27th. StockNews.com raised HealthStream from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 25th.

HealthStream Profile

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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 range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation and account management services.

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