HealthStream, Inc. (NASDAQ:HSTM) Short Interest Down 13.1% in August

HealthStream, Inc. (NASDAQ:HSTM – Get Rating) saw a significant drop in short-term interest in August. As of August 31, there was short interest totaling 370,900 shares, a decrease of 13.1% from the total of 426,900 shares as of August 15. Based on an average trading volume of 91,800 shares, the day-to-cover ratio is currently 4.0 days. Approximately 1.5% of the company’s shares are sold short.

Insider Buying and Selling at HealthStream

In other news, Director Jeffrey L. Mclaren sold 5,000 shares of the company in a trade that took place on Friday, July 29. The stock was sold at an average price of $24.17, for a total transaction of $120,850.00. Following completion of the transaction, the administrator now directly owns 13,065 shares of the company, valued at approximately $315,781.05. The sale was disclosed in a filing with the SEC, which is available at this link. 21.20% of the shares are currently held by company insiders.

Institutional investors weigh in on HealthStream

A number of hedge funds and other institutional investors have recently changed their positions in the company. Acadian Asset Management LLC increased its position in HealthStream by 20.3% during the first quarter. Acadian Asset Management LLC now owns 648,976 shares of the technology company valued at $12,908,000 after acquiring an additional 109,370 shares during the period. Western Standard LLC increased its position in HealthStream by 203.5% during the second quarter. Western Standard LLC now owns 133,636 shares of the technology company valued at $2,901,000 after acquiring an additional 89,605 shares during the period. Sei Investments Co. increased its position in HealthStream by 165.0% during the first quarter. Sei Investments Co. now owns 102,894 shares of the technology company valued at $2,028,000 after acquiring an additional 64,073 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of HealthStream by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,467,146 shares of the technology company worth $29,226,000 after buying 41,720 additional shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in HealthStream shares by 294.1% during the first quarter. Engineers Gate Manager LP now owns 55,547 shares of the technology company worth $1,106,000 after buying 41,452 additional shares last quarter. Hedge funds and other institutional investors hold 71.08% of the company’s shares.

Analyst upgrades and downgrades

HSTM has been the subject of several research reports. StockNews.com upgraded HealthStream from a “buy” rating to a “strong buy” rating in a Thursday, August 25 report. Canaccord Genuity Group raised its target price on HealthStream from $22.00 to $24.00 in a Wednesday July 27 research note.

Performance of HealthStream shares

HSTM stock traded down $0.17 at midday Friday, hitting $21.69. 256,536 shares were traded, against an average volume of 61,131. The stock’s 50-day moving average price is $23.07 and its 200-day moving average price is $21.17. The stock has a market capitalization of $663.06 million, a price/earnings ratio of 94.31, a PEG ratio of 7.31 and a beta of 0.46. HealthStream has a fifty-two week low of $18.51 and a fifty-two week high of $29.76.

HealthStream (NASDAQ:HSTM – Get Rating) last released its quarterly results on Monday, July 25. The technology company reported earnings per share of $0.10 for the quarter, beating analysts’ consensus estimate of $0.05 by $0.05. HealthStream had a return on equity of 2.70% and a net margin of 2.73%. The company posted revenue of $65.60 million in the quarter, compared to $66.27 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $0.08. The company’s revenue for the quarter increased by 1.2% compared to the same quarter last year. Research analysts forecast HealthStream to post 0.3 EPS for the current year.

HealthStream Company Profile

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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 breadth of its clinical development, talent management, training, education, certification, planning, skills assessment, performance evaluation, and other needs, as well as implementation and account management services.

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