HealthStream, Inc. (NASDAQ:HSTM) Short Interest Up 11.2% in October

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HealthStream, Inc. (NASDAQ:HSTM) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 834,700 shares, a growth of 11.2% from the September 30th total of 750,400 shares. Based on an average trading volume of 157,300 shares, the short-interest ratio is presently 5.3 days. Approximately 3.2% of the shares of the stock are short sold.

In other news, Director Tate Deborah Taylor sold 6,495 shares of HealthStream stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $27.96, for a total value of $181,600.20. Following the completion of the transaction, the director now owns 16,181 shares in the company, valued at $452,420.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mackay Shields LLC lifted its position in HealthStream by 98.7% in the 3rd quarter. Mackay Shields LLC now owns 97,626 shares of the technology company’s stock valued at $2,527,000 after acquiring an additional 48,500 shares in the last quarter. California Public Employees Retirement System lifted its position in HealthStream by 30.0% in the 3rd quarter. California Public Employees Retirement System now owns 51,718 shares of the technology company’s stock valued at $1,339,000 after acquiring an additional 11,944 shares in the last quarter. State of Tennessee Treasury Department lifted its position in HealthStream by 40.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 20,151 shares of the technology company’s stock valued at $522,000 after acquiring an additional 5,837 shares in the last quarter. Rhumbline Advisers lifted its position in HealthStream by 4.3% in the 3rd quarter. Rhumbline Advisers now owns 81,481 shares of the technology company’s stock valued at $2,110,000 after acquiring an additional 3,340 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its position in HealthStream by 50.2% in the 3rd quarter. Alberta Investment Management Corp now owns 64,000 shares of the technology company’s stock valued at $1,657,000 after acquiring an additional 21,400 shares in the last quarter. 71.91% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on the stock. ValuEngine cut shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Barrington Research restated a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Thursday, October 24th. Finally, BidaskClub cut shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.00.

HSTM stock traded up $0.07 during trading on Friday, hitting $27.21. The company had a trading volume of 106,700 shares, compared to its average volume of 127,037. HealthStream has a 12 month low of $23.06 and a 12 month high of $30.00. The stock has a market cap of $878.75 million, a price-to-earnings ratio of 63.28, a PEG ratio of 5.48 and a beta of 0.64. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $26.83 and a 200-day moving average price of $26.47.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $62.50 million for the quarter, compared to analysts’ expectations of $62.91 million. HealthStream had a net margin of 5.92% and a return on equity of 4.14%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Equities analysts expect that HealthStream will post 0.41 EPS for the current 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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