Kennedy Capital Management Inc. cut its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,799 shares of the technology company’s stock after selling 758 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.82% of HealthStream worth $6,864,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in HealthStream by 4.8% during the first quarter. Vanguard Group Inc. now owns 2,235,738 shares of the technology company’s stock worth $54,172,000 after acquiring an additional 102,888 shares in the last quarter. Pembroke Management LTD boosted its stake in HealthStream by 13.0% during the second quarter. Pembroke Management LTD now owns 1,267,128 shares of the technology company’s stock worth $33,350,000 after acquiring an additional 146,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in HealthStream by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,165,088 shares of the technology company’s stock worth $28,230,000 after acquiring an additional 17,739 shares in the last quarter. Janus Capital Management LLC boosted its stake in HealthStream by 153.8% during the first quarter. Janus Capital Management LLC now owns 886,282 shares of the technology company’s stock worth $21,475,000 after acquiring an additional 537,116 shares in the last quarter. Finally, State Street Corp boosted its stake in HealthStream by 8.1% during the first quarter. State Street Corp now owns 590,939 shares of the technology company’s stock worth $14,319,000 after acquiring an additional 44,303 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on HSTM. Zacks Investment Research lowered shares of HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock in a report on Wednesday, July 26th. Cantor Fitzgerald restated a “neutral” rating and set a $24.00 price objective (down previously from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. Needham & Company LLC lowered their price objective on shares of HealthStream from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, July 26th. Finally, ValuEngine downgraded shares of HealthStream from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. HealthStream currently has a consensus rating of “Hold” and a consensus price target of $25.71.
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HealthStream, Inc. (HSTM) opened at 23.56 on Tuesday. The firm’s 50-day moving average is $23.25 and its 200 day moving average is $25.45. HealthStream, Inc. has a 12-month low of $20.60 and a 12-month high of $31.53. The firm has a market cap of $751.23 million, a P/E ratio of 169.50 and a beta of 0.98.
HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, July 24th. The technology company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The firm had revenue of $61.48 million for the quarter, compared to analysts’ expectations of $61.36 million. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that HealthStream, Inc. will post $0.22 earnings per share for the current year.
HealthStream Company Profile
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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