HealthStream, Inc. (NASDAQ:HSTM) Position Raised by Granite Investment Partners LLC
Granite Investment Partners LLC boosted its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 17.0% during the second quarter, Holdings Channel reports. The fund owned 47,855 shares of the technology company’s stock after buying an additional 6,957 shares during the period. Granite Investment Partners LLC’s holdings in HealthStream were worth $1,260,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Janus Capital Management LLC boosted its position in HealthStream by 153.8% in the first quarter. Janus Capital Management LLC now owns 886,282 shares of the technology company’s stock worth $21,475,000 after buying an additional 537,116 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in HealthStream during the first quarter worth approximately $6,338,000. Pembroke Management LTD boosted its stake in HealthStream by 13.0% in the second quarter. Pembroke Management LTD now owns 1,267,128 shares of the technology company’s stock worth $33,350,000 after buying an additional 146,100 shares in the last quarter. Vanguard Group Inc. boosted its stake in HealthStream by 4.8% in the first quarter. Vanguard Group Inc. now owns 2,235,738 shares of the technology company’s stock worth $54,172,000 after buying an additional 102,888 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its stake in HealthStream by 6.2% in the first quarter. Conestoga Capital Advisors LLC now owns 1,448,317 shares of the technology company’s stock worth $35,093,000 after buying an additional 84,308 shares in the last quarter. 76.83% of the stock is owned by institutional investors.
HealthStream, Inc. (NASDAQ:HSTM) opened at 22.91 on Friday. The firm has a market capitalization of $730.51 million, a price-to-earnings ratio of 164.82 and a beta of 0.98. The firm has a 50-day moving average of $24.74 and a 200 day moving average of $25.33. HealthStream, Inc. has a 12-month low of $20.60 and a 12-month high of $31.53.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, July 24th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $61.48 million during the quarter, compared to the consensus estimate of $61.36 million. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share. On average, equities analysts predict that HealthStream, Inc. will post $0.22 EPS for the current year.
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HSTM has been the subject of a number of research reports. Craig Hallum raised shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Tuesday, April 25th. Robert W. Baird set a $31.00 target price on shares of HealthStream and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Needham & Company LLC boosted their target price on shares of HealthStream from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of HealthStream from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, June 27th. Finally, First Analysis raised shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 target price for the company in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.43.
HealthStream Company 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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