HealthStream, Inc. (HSTM) Short Interest Update
HealthStream, Inc. (NASDAQ:HSTM) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 389,525 shares, a decline of 36.0% from the February 15th total of 608,582 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 229,520 shares, the days-to-cover ratio is presently 1.7 days.
Shares of HealthStream (NASDAQ HSTM) opened at $24.56 on Thursday. HealthStream has a 12-month low of $21.15 and a 12-month high of $31.53. The company has a market cap of $800.36, a price-to-earnings ratio of 79.23, a P/E/G ratio of 5.58 and a beta of 0.83.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. HealthStream had a net margin of 4.04% and a return on equity of 2.73%. The firm had revenue of $62.76 million during the quarter, compared to the consensus estimate of $61.98 million. analysts expect that HealthStream will post 0.28 earnings per share for the current year.
In other news, insider Jeffrey Doster sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $245,700.00. Following the completion of the sale, the insider now owns 45,235 shares in the company, valued at approximately $1,111,423.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Martin Harris sold 10,452 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $24.06, for a total transaction of $251,475.12. The disclosure for this sale can be found here. Insiders have sold a total of 81,452 shares of company stock valued at $1,979,525 in the last 90 days. Insiders own 21.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in HealthStream by 3.9% in the 4th quarter. BlackRock Inc. now owns 3,364,652 shares of the technology company’s stock valued at $77,925,000 after buying an additional 127,152 shares during the period. Conestoga Capital Advisors LLC increased its stake in HealthStream by 17.2% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,755,050 shares of the technology company’s stock valued at $40,647,000 after buying an additional 257,400 shares during the period. Dimensional Fund Advisors LP increased its stake in HealthStream by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,239,449 shares of the technology company’s stock valued at $28,966,000 after buying an additional 51,900 shares during the period. State Street Corp increased its stake in HealthStream by 4.4% in the 2nd quarter. State Street Corp now owns 616,851 shares of the technology company’s stock valued at $16,239,000 after buying an additional 25,912 shares during the period. Finally, Stephens Investment Management Group LLC increased its stake in HealthStream by 2.4% in the 3rd quarter. Stephens Investment Management Group LLC now owns 570,870 shares of the technology company’s stock valued at $13,341,000 after buying an additional 13,192 shares during the period. Hedge funds and other institutional investors own 70.97% of the company’s stock.
Several analysts have recently weighed in on HSTM shares. ValuEngine downgraded shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 price target on shares of HealthStream in a research report on Monday, February 12th. Barrington Research reiterated a “buy” rating and issued a $32.00 price target on shares of HealthStream in a research report on Monday, February 26th. Zacks Investment Research upgraded shares of HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, William Blair reiterated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. HealthStream presently has a consensus rating of “Hold” and a consensus price target of $25.86.
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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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