HealthStream, Inc. (HSTM) Shares Sold by Credit Suisse AG
Credit Suisse AG cut its position in HealthStream, Inc. (NASDAQ:HSTM) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,290 shares of the technology company’s stock after selling 6,366 shares during the period. Credit Suisse AG owned about 0.08% of HealthStream worth $589,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. State Street Corp raised its stake in shares of HealthStream by 8.1% in the first quarter. State Street Corp now owns 590,939 shares of the technology company’s stock worth $14,319,000 after buying an additional 44,303 shares during the period. Bank of America Corp DE raised its stake in shares of HealthStream by 27.2% in the first quarter. Bank of America Corp DE now owns 234,618 shares of the technology company’s stock worth $5,685,000 after buying an additional 50,163 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of HealthStream during the first quarter worth about $788,000. Schwab Charles Investment Management Inc. raised its stake in shares of HealthStream by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 107,018 shares of the technology company’s stock worth $2,594,000 after buying an additional 5,277 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of HealthStream during the first quarter worth about $711,000. Institutional investors and hedge funds own 75.87% of the company’s stock.
Shares of HealthStream, Inc. (HSTM) traded down 0.490% during mid-day trading on Wednesday, hitting $23.345. 27,169 shares of the company were exchanged. HealthStream, Inc. has a 12-month low of $20.60 and a 12-month high of $31.53. The stock’s 50-day moving average price is $23.80 and its 200 day moving average price is $25.35. The stock has a market cap of $744.38 million, a PE ratio of 167.950 and a beta of 0.98.
HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $61.48 million during the quarter, compared to the consensus estimate of $61.36 million. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. On average, equities analysts anticipate that HealthStream, Inc. will post $0.22 EPS for the current fiscal year.
A number of analysts recently issued reports on the stock. Canaccord Genuity restated a “hold” rating and issued a $25.00 price target on shares of HealthStream in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Cantor Fitzgerald restated a “neutral” rating and issued a $24.00 price target (down previously from $28.00) on shares of HealthStream in a research note on Wednesday, July 26th. Needham & Company LLC dropped their price target on shares of HealthStream from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Finally, First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target for the company in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. HealthStream has an average rating of “Hold” and an average price target of $26.43.
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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