Prudential Financial Inc. grew its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 22.2% during the third quarter, HoldingsChannel reports. The firm owned 268,037 shares of the technology company’s stock after buying an additional 48,732 shares during the period. Prudential Financial Inc.’s holdings in HealthStream were worth $8,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of HealthStream by 10.1% during the second quarter. BlackRock Inc. now owns 3,739,560 shares of the technology company’s stock worth $102,128,000 after purchasing an additional 343,896 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of HealthStream by 14.2% during the third quarter. Conestoga Capital Advisors LLC now owns 1,773,237 shares of the technology company’s stock worth $54,988,000 after purchasing an additional 220,863 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HealthStream by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,508,142 shares of the technology company’s stock worth $41,187,000 after purchasing an additional 54,836 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of HealthStream by 379.2% during the second quarter. Renaissance Technologies LLC now owns 306,200 shares of the technology company’s stock worth $8,362,000 after purchasing an additional 242,300 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of HealthStream by 2.9% during the first quarter. Principal Financial Group Inc. now owns 196,466 shares of the technology company’s stock worth $4,878,000 after purchasing an additional 5,524 shares in the last quarter. Institutional investors own 73.46% of the company’s stock.

NASDAQ:HSTM opened at $24.39 on Thursday. HealthStream, Inc. has a one year low of $21.15 and a one year high of $31.86. The stock has a market capitalization of $788.42 million, a P/E ratio of 90.33, a price-to-earnings-growth ratio of 3.71 and a beta of 0.86.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, October 22nd. The technology company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. HealthStream had a return on equity of 4.00% and a net margin of 14.23%. The business had revenue of $59.93 million for the quarter, compared to analysts’ expectations of $58.22 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that HealthStream, Inc. will post 0.39 EPS for the current year.

A number of brokerages have commented on HSTM. Zacks Investment Research cut HealthStream from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. TheStreet upgraded HealthStream from a “c+” rating to a “b-” rating in a research note on Thursday, August 9th. ValuEngine cut HealthStream from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. BidaskClub cut HealthStream from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. Finally, Barrington Research restated a “hold” rating on shares of HealthStream in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. HealthStream presently has an average rating of “Hold” and a consensus target price of $27.40.

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HealthStream Profile

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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