IndexIQ Advisors LLC acquired a new position in HealthStream, Inc. (NASDAQ:HSTM – Get Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,098 shares of the technology company's stock, valued at approximately $400,000. IndexIQ Advisors LLC owned 0.07% of HealthStream as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSTM. SG Americas Securities LLC bought a new position in shares of HealthStream during the 1st quarter valued at $121,000. KBC Group NV bought a new position in shares of HealthStream during the 4th quarter valued at $207,000. Campbell & CO Investment Adviser LLC bought a new position in shares of HealthStream during the 4th quarter valued at $211,000. Inspire Investing LLC bought a new position in shares of HealthStream during the 1st quarter valued at $235,000. Finally, Alberta Investment Management Corp bought a new position in shares of HealthStream during the 4th quarter valued at $527,000. Institutional investors and hedge funds own 73.46% of the company's stock.
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Shares of HSTM opened at $24.00 on Tuesday. The company has a market capitalization of $733.68 million, a PE ratio of 104.35, a price-to-earnings-growth ratio of 8.14 and a beta of 0.43. HealthStream, Inc. has a one year low of $18.51 and a one year high of $30.86. The company's fifty day moving average price is $21.81 and its 200 day moving average price is $21.20.
HealthStream (NASDAQ:HSTM – Get Rating) last announced its earnings results on Monday, July 25th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $65.60 million for the quarter, compared to the consensus estimate of $66.27 million. HealthStream had a net margin of 2.73% and a return on equity of 2.70%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. Analysts anticipate that HealthStream, Inc. will post 0.3 earnings per share for the current year.Insiders Place Their Bets
In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the firm's stock in a transaction on Friday, July 29th. The shares were sold at an average price of $24.17, for a total value of $120,850.00. Following the sale, the director now directly owns 13,065 shares in the company, valued at approximately $315,781.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HSTM. Canaccord Genuity Group raised their price target on shares of HealthStream from $22.00 to $24.00 in a report on Wednesday, July 27th. StockNews.com downgraded shares of HealthStream from a "strong-buy" rating to a "buy" rating in a report on Tuesday.
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.
Further Reading
- Get a free copy of the StockNews.com research report on HealthStream (HSTM)
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