HealthStream, Inc. (NASDAQ:HSTM) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 834,700 shares, a growth of 11.2% from the September 30th total of 750,400 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily trading volume, of 157,300 shares, the days-to-cover ratio is presently 5.3 days.

In other news, Director Tate Deborah Taylor sold 6,495 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $27.96, for a total transaction of $181,600.20. Following the completion of the sale, the director now owns 16,181 shares in the company, valued at approximately $452,420.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.40% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. First Light Asset Management LLC raised its position in HealthStream by 0.4% in the 2nd quarter. First Light Asset Management LLC now owns 90,924 shares of the technology company’s stock valued at $2,351,000 after purchasing an additional 386 shares during the last quarter. Resources Investment Advisors LLC. raised its position in HealthStream by 13.0% in the 2nd quarter. Resources Investment Advisors LLC. now owns 3,900 shares of the technology company’s stock valued at $101,000 after purchasing an additional 450 shares during the last quarter. Royal Bank of Canada raised its position in HealthStream by 6.7% in the 2nd quarter. Royal Bank of Canada now owns 7,424 shares of the technology company’s stock valued at $192,000 after purchasing an additional 464 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in HealthStream by 1.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 54,303 shares of the technology company’s stock worth $1,404,000 after buying an additional 774 shares during the last quarter. Finally, Swiss National Bank raised its position in HealthStream by 1.9% during the 2nd quarter. Swiss National Bank now owns 48,100 shares of the technology company’s stock worth $1,244,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 71.91% of the company’s stock.

HSTM stock traded up $0.07 on Friday, hitting $27.21. The company’s stock had a trading volume of 106,700 shares, compared to its average volume of 125,718. The firm has a 50 day moving average of $26.82 and a two-hundred day moving average of $26.46. HealthStream has a 1 year low of $23.06 and a 1 year high of $30.00. The stock has a market cap of $889.43 million, a price-to-earnings ratio of 63.28, a price-to-earnings-growth ratio of 5.55 and a beta of 0.64. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.09.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. HealthStream had a net margin of 5.92% and a return on equity of 4.14%. The firm had revenue of $62.50 million during the quarter, compared to the consensus estimate of $62.91 million. During the same quarter in the prior year, the firm earned $0.09 EPS. HealthStream’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that HealthStream will post 0.41 EPS for the current fiscal year.

Several analysts have recently weighed in on HSTM shares. Barrington Research restated a “market perform” rating on shares of HealthStream in a research report on Thursday, July 25th. Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Thursday, October 24th. BidaskClub downgraded shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. Finally, ValuEngine downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.00.

About HealthStream

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 training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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