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.
Get HealthStream alerts: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 %
Shares of HSTM stock opened at $21.95 on Wednesday. The stock has a fifty day moving average of $23.08 and a 200 day moving average of $21.14. HealthStream, Inc. has a 52 week low of $18.51 and a 52 week high of $29.85. The firm has a market capitalization of $671.01 million, a price-to-earnings ratio of 95.44, a PEG ratio of 7.57 and a beta of 0.46.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
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on HealthStream (HSTM)
- Is Five Below Trying to Punch Too High?
- These 3 Reports Will Tell Us Much About the Current Economy
- This Is What To Expect From The S&P 500 Now
- The Two Things You Need To Know About Oracle's FQ1 Report
- Three Value Stocks For A Volatile Market
Want to see what other hedge funds are holding HSTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HealthStream, Inc. (NASDAQ:HSTM – Get Rating).
Receive News & Ratings for HealthStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream and related companies with MarketBeat.com's FREE daily email newsletter.