SG Americas Securities LLC bought a new position in shares of HealthStream, Inc. (NASDAQ:HSTM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,790 shares of the technology company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new stake in HealthStream during the second quarter worth approximately $165,000. Victory Capital Management Inc. purchased a new position in HealthStream during the first quarter worth approximately $210,000. Barclays PLC raised its stake in HealthStream by 45.6% during the first quarter. Barclays PLC now owns 9,444 shares of the technology company’s stock worth $235,000 after purchasing an additional 2,958 shares during the period. American Century Companies Inc. purchased a new position in HealthStream during the first quarter worth approximately $522,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in HealthStream during the second quarter worth approximately $601,000. Hedge funds and other institutional investors own 72.14% of the company’s stock.

Shares of HSTM stock opened at $30.47 on Thursday. HealthStream, Inc. has a 52 week low of $21.15 and a 52 week high of $31.86. The firm has a market capitalization of $982.61 million, a PE ratio of 89.41, a price-to-earnings-growth ratio of 5.04 and a beta of 0.68.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, July 23rd. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. HealthStream had a net margin of 13.79% and a return on equity of 3.75%. The business had revenue of $57.00 million for the quarter, compared to the consensus estimate of $56.68 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts forecast that HealthStream, Inc. will post 0.36 earnings per share for the current year.

A number of equities analysts have weighed in on HSTM shares. Zacks Investment Research downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Cantor Fitzgerald reaffirmed a “hold” rating and set a $25.00 price target on shares of HealthStream in a research note on Monday, July 23rd. TheStreet raised shares of HealthStream from a “c+” rating to a “b-” rating in a research note on Thursday, August 9th. Finally, Robert W. Baird downgraded shares of HealthStream from an “outperform” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research note on Thursday, June 14th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $27.00.

About HealthStream

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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