Envestnet Asset Management Inc. raised its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,416 shares of the technology company’s stock after acquiring an additional 1,016 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of HealthStream worth $891,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in HealthStream during the 2nd quarter valued at approximately $44,000. Trustcore Financial Services LLC bought a new stake in HealthStream during the 2nd quarter valued at approximately $78,000. Resources Investment Advisors LLC. boosted its position in HealthStream by 13.0% during the 2nd quarter. Resources Investment Advisors LLC. now owns 3,900 shares of the technology company’s stock valued at $101,000 after acquiring an additional 450 shares in the last quarter. Aperio Group LLC bought a new stake in HealthStream during the 2nd quarter valued at approximately $141,000. Finally, Meeder Asset Management Inc. boosted its position in HealthStream by 412.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,026 shares of the technology company’s stock valued at $156,000 after acquiring an additional 4,851 shares in the last quarter. 71.56% of the stock is currently owned by institutional investors and hedge funds.
In other HealthStream news, Director Tate Deborah Taylor sold 6,495 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $27.96, for a total value of $181,600.20. Following the completion of the sale, the director now owns 16,181 shares in the company, valued at approximately $452,420.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey L. Mclaren sold 5,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the sale, the director now owns 14,193 shares of the company’s stock, valued at approximately $405,635.94. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by company insiders.
HealthStream (NASDAQ:HSTM) last announced its earnings results on Tuesday, October 22nd. The technology company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. HealthStream had a return on equity of 4.14% and a net margin of 5.92%. The company had revenue of $62.50 million for the quarter, compared to analysts’ expectations of $62.91 million. During the same period last year, the firm earned $0.09 EPS. HealthStream’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that HealthStream, Inc. will post 0.41 earnings per share for the current fiscal year.
Several analysts have weighed in on HSTM shares. Barrington Research reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. BidaskClub cut HealthStream from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine cut HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research raised HealthStream from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.00.
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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