HealthStream, Inc. (NASDAQ:HSTM) Shares Bought by Zacks Investment Management

Zacks Investment Management raised its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 6.7% during the 3rd quarter, Holdings Channel reports. The firm owned 58,617 shares of the technology company’s stock after buying an additional 3,694 shares during the quarter. Zacks Investment Management’s holdings in HealthStream were worth $1,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HSTM. Price T Rowe Associates Inc. MD grew its stake in HealthStream by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock valued at $432,000 after acquiring an additional 918 shares during the period. GAMMA Investing LLC grew its position in shares of HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after purchasing an additional 630 shares during the period. CWM LLC increased its stake in shares of HealthStream by 405.4% during the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,173 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of HealthStream by 58.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock worth $4,096,000 after purchasing an additional 54,227 shares during the last quarter. Finally, Ellsworth Advisors LLC lifted its stake in HealthStream by 6.8% in the 2nd quarter. Ellsworth Advisors LLC now owns 19,063 shares of the technology company’s stock valued at $532,000 after buying an additional 1,212 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

HealthStream Trading Down 0.2 %

HSTM stock opened at $32.19 on Tuesday. The firm has a 50-day moving average of $30.58 and a two-hundred day moving average of $29.13. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $33.52. The company has a market cap of $979.22 million, a price-to-earnings ratio of 49.52, a PEG ratio of 4.29 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. During the same period in the prior year, the business earned $0.13 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were issued a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 annualized dividend and a dividend yield of 0.35%. HealthStream’s dividend payout ratio is presently 16.92%.

Analysts Set New Price Targets

Several research firms have commented on HSTM. Barclays boosted their price objective on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group raised their price objective on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $31.50.

About HealthStream

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.