HealthStream, Inc. (NASDAQ:HSTM) Shares Purchased by Cwm LLC

Cwm LLC increased its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 64.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,448 shares of the technology company’s stock after acquiring an additional 1,739 shares during the quarter. Cwm LLC’s holdings in HealthStream were worth $128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after purchasing an additional 359 shares during the period. SG Americas Securities LLC increased its stake in HealthStream by 96.5% in the third quarter. SG Americas Securities LLC now owns 18,932 shares of the technology company’s stock valued at $546,000 after purchasing an additional 9,296 shares during the period. Point72 DIFC Ltd acquired a new position in HealthStream in the second quarter valued at $38,000. Sanctuary Advisors LLC acquired a new position in HealthStream in the second quarter valued at $338,000. Finally, Creative Planning increased its stake in HealthStream by 21.4% in the second quarter. Creative Planning now owns 10,476 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,849 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HSTM. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays boosted their price target on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday. Canaccord Genuity Group boosted 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. Finally, StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

HealthStream Stock Down 1.8 %

NASDAQ:HSTM opened at $28.11 on Friday. The company has a market cap of $854.49 million, a P/E ratio of 48.47, a P/E/G ratio of 4.25 and a beta of 0.36. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $31.15. The firm’s 50 day moving average is $28.71 and its two-hundred day moving average is $27.88.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts forecast that HealthStream, Inc. will post 0.56 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.40%. The ex-dividend date is Monday, November 4th. HealthStream’s dividend payout ratio is currently 18.97%.

Insiders Place Their Bets

In other news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the sale, the senior vice president now owns 9,527 shares in the company, valued at approximately $267,041.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.

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.