Oppenheimer Asset Management Inc. decreased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 3.6% during the second quarter, HoldingsChannel reports. The fund owned 10,322 shares of the technology company’s stock after selling 389 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in HealthStream were worth $267,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Panagora Asset Management Inc. boosted its stake in shares of HealthStream by 0.6% during the second quarter. Panagora Asset Management Inc. now owns 391,521 shares of the technology company’s stock valued at $10,125,000 after purchasing an additional 2,426 shares during the period. Granite Investment Partners LLC boosted its stake in shares of HealthStream by 18.5% during the first quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock valued at $17,483,000 after purchasing an additional 97,269 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of HealthStream by 917.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,971 shares of the technology company’s stock valued at $168,000 after purchasing an additional 5,384 shares during the period. Comerica Bank boosted its stake in shares of HealthStream by 2.4% during the first quarter. Comerica Bank now owns 25,306 shares of the technology company’s stock valued at $732,000 after purchasing an additional 599 shares during the period. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in shares of HealthStream during the second quarter valued at $3,059,000. Institutional investors and hedge funds own 72.71% of the company’s stock.
A number of research firms recently weighed in on HSTM. Barrington Research reaffirmed a “market perform” rating on shares of HealthStream in a research note on Thursday, July 25th. Zacks Investment Research raised shares of HealthStream from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Thursday, July 25th. BidaskClub lowered shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, ValuEngine raised shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.00.
NASDAQ:HSTM traded up $0.28 during mid-day trading on Friday, reaching $26.80. The company’s stock had a trading volume of 1,958 shares, compared to its average volume of 231,412. HealthStream, Inc. has a 1 year low of $23.06 and a 1 year high of $31.49. The stock has a fifty day moving average of $27.18 and a 200-day moving average of $26.72. The firm has a market capitalization of $841.06 million, a PE ratio of 62.14, a price-to-earnings-growth ratio of 5.66 and a beta of 0.71. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 22nd. The technology company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. HealthStream had a net margin of 5.71% and a return on equity of 4.22%. The company had revenue of $63.78 million during the quarter, compared to analyst estimates of $63.12 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts expect that HealthStream, Inc. will post 0.38 earnings per share for the current year.
In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the transaction, the director now directly owns 14,193 shares in the company, valued at $405,635.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.40% of the company’s stock.
HealthStream Company Profile
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 training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.
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