The Manufacturers Life Insurance Company increased its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,433 shares of the technology company’s stock after acquiring an additional 158 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of HealthStream worth $538,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HSTM. State of Alaska Department of Revenue raised 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. Bank of Montreal Can raised 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 raised 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. UBS Asset Management Americas Inc. bought a new stake in shares of HealthStream in the second quarter valued at $205,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of HealthStream by 53.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,131 shares of the technology company’s stock valued at $214,000 after buying an additional 2,849 shares during the period. Institutional investors and hedge funds own 70.17% of the company’s stock.

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Several analysts have issued reports on the company. Needham & Company LLC lowered HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity restated a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research note on Thursday, July 27th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price target on shares of HealthStream in a research report on Thursday, August 31st. Zacks Investment Research cut HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine cut HealthStream from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.83.

HealthStream, Inc. (HSTM) opened at $24.56 on Friday. The firm has a market capitalization of $783.37, a price-to-earnings ratio of 111.64, a PEG ratio of 6.59 and a beta of 0.93. HealthStream, Inc. has a 52-week low of $20.60 and a 52-week high of $31.53.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The company had revenue of $63.60 million during the quarter, compared to analysts’ expectations of $62.48 million. HealthStream had a return on equity of 2.46% and a net margin of 2.36%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 earnings per share. analysts expect that HealthStream, Inc. will post 0.23 EPS for the current fiscal year.

HealthStream Profile

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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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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