Short Interest in HealthStream, Inc. (NASDAQ:HSTM) Increases By 13.1%

HealthStream, Inc. (NASDAQ:HSTM) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 606,000 shares, a growth of 13.1% from the October 31st total of 535,800 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average daily trading volume, of 131,500 shares, the short-interest ratio is presently 4.6 days.

Institutional Investors Weigh In On HealthStream

Large investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in HealthStream during the 3rd quarter valued at $27,000. GAMMA Investing LLC grew its holdings in HealthStream by 172.1% during the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after acquiring an additional 630 shares in the last quarter. Point72 DIFC Ltd acquired a new position in HealthStream during the 2nd quarter worth $38,000. Copeland Capital Management LLC acquired a new position in HealthStream during the 3rd quarter worth $63,000. Finally, CWM LLC grew its holdings in HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after acquiring an additional 2,173 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Stock Up 0.2 %

Shares of HealthStream stock traded up $0.06 during trading hours on Monday, hitting $33.16. The company’s stock had a trading volume of 184,925 shares, compared to its average volume of 117,995. HealthStream has a 1-year low of $23.92 and a 1-year high of $33.52. The business has a fifty day moving average of $30.08 and a 200 day moving average of $28.91. The company has a market capitalization of $1.01 billion, a PE ratio of 51.18, a P/E/G ratio of 4.40 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts anticipate that HealthStream will post 0.63 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Monday, November 4th. HealthStream’s payout ratio is currently 16.92%.

Analysts Set New Price Targets

HSTM has been the topic of several recent analyst reports. Barclays upped their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group increased their price target on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

About HealthStream

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.