HealthStream, Inc. (NASDAQ:HSTM) Sees Large Drop in Short Interest

HealthStream, Inc. (NASDAQ:HSTM) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 425,000 shares, a decline of 31.3% from the June 15th total of 618,400 shares. Based on an average daily volume of 193,800 shares, the short-interest ratio is currently 2.2 days. Currently, 1.7% of the company’s stock are sold short.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sofos Investments Inc. acquired a new position in shares of HealthStream during the 4th quarter worth approximately $27,000. Ensign Peak Advisors Inc acquired a new position in shares of HealthStream during the 1st quarter worth approximately $148,000. IndexIQ Advisors LLC acquired a new position in shares of HealthStream during the 1st quarter worth approximately $185,000. Aigen Investment Management LP increased its position in shares of HealthStream by 1,078.0% during the 1st quarter. Aigen Investment Management LP now owns 8,882 shares of the technology company’s stock worth $213,000 after purchasing an additional 8,128 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of HealthStream during the 4th quarter worth approximately $226,000. Hedge funds and other institutional investors own 73.92% of the company’s stock.

Several research firms have recently weighed in on HSTM. Canaccord Genuity reiterated a “hold” rating and set a $25.00 price objective on shares of HealthStream in a report on Wednesday, April 29th. Barrington Research reiterated a “hold” rating on shares of HealthStream in a report on Wednesday, March 11th. ValuEngine cut HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, April 29th. Finally, BidaskClub cut HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.50.

NASDAQ HSTM traded down $0.02 during trading on Friday, hitting $21.97. The stock had a trading volume of 71,345 shares, compared to its average volume of 152,776. The company has a market capitalization of $702.97 million, a PE ratio of 43.08, a P/E/G ratio of 11.21 and a beta of 0.48. The company’s 50-day moving average price is $22.32 and its two-hundred day moving average price is $24.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.96 and a current ratio of 1.96. HealthStream has a 12 month low of $20.03 and a 12 month high of $29.78.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, April 27th. The technology company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The firm had revenue of $61.57 million during the quarter, compared to the consensus estimate of $63.08 million. HealthStream had a net margin of 6.74% and a return on equity of 4.16%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, equities analysts anticipate that HealthStream will post 0.16 earnings per share for the current fiscal year.

About HealthStream

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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