Oppenheimer Asset Management Inc. lessened its stake in HealthStream, Inc. (NASDAQ:HSTM) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,156 shares of the technology company’s stock after selling 1,383 shares during the period. Oppenheimer Asset Management Inc. owned about 0.10% of HealthStream worth $820,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of HealthStream by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock valued at $132,000 after buying an additional 2,230 shares during the period. Mason Street Advisors LLC lifted its stake in shares of HealthStream by 7.1% in the first quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock valued at $144,000 after buying an additional 395 shares during the period. Bank of Montreal Can lifted its stake in shares of HealthStream by 1.1% in the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock valued at $151,000 after buying an additional 65 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of HealthStream by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock valued at $158,000 after buying an additional 290 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of HealthStream by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,645 shares of the technology company’s stock valued at $210,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 75.87% of the company’s stock.
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Several equities research analysts recently weighed in on the stock. First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 target price for the company in a research note on Wednesday, July 26th. Zacks Investment Research cut shares of HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $24.00 target price (down previously from $28.00) on shares of HealthStream in a research note on Wednesday, July 26th. Robert W. Baird reiterated an “outperform” rating and issued a $35.00 target price on shares of HealthStream in a research note on Tuesday, June 27th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. HealthStream currently has an average rating of “Hold” and a consensus target price of $25.71.
HealthStream, Inc. (HSTM) opened at 23.92 on Wednesday. The firm’s 50-day moving average is $23.26 and its 200-day moving average is $25.43. The company has a market cap of $762.71 million, a PE ratio of 172.09 and a beta of 0.98. HealthStream, Inc. has a 52 week low of $20.60 and a 52 week high of $31.53.
HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. The firm had revenue of $61.48 million during the quarter, compared to the consensus estimate of $61.36 million. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS. On average, analysts expect that HealthStream, Inc. will post $0.22 EPS for the current fiscal year.
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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