Royal Bank of Canada cut its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,965 shares of the technology company’s stock after selling 2,001 shares during the period. Royal Bank of Canada owned approximately 0.07% of HealthStream worth $553,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HSTM. State of Alaska Department of Revenue lifted its stake in 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 worth $132,000 after purchasing an additional 2,230 shares during the last quarter. Bank of Montreal Can lifted its stake in HealthStream by 1.1% in the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock worth $151,000 after purchasing an additional 65 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in 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 worth $158,000 after purchasing an additional 290 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in HealthStream in the second quarter worth $205,000. Finally, PNC Financial Services Group Inc. lifted its stake in HealthStream by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,645 shares of the technology company’s stock worth $210,000 after purchasing an additional 31 shares during the last quarter. 77.01% of the stock is owned by institutional investors and hedge funds.

HealthStream, Inc. (HSTM) opened at $23.21 on Friday. HealthStream, Inc. has a 52-week low of $20.60 and a 52-week high of $31.53. The stock has a market cap of $740.31, a PE ratio of 105.50, a price-to-earnings-growth ratio of 6.23 and a beta of 0.93.

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

Several research firms have weighed in on HSTM. First Analysis raised 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. Zacks Investment Research downgraded shares of HealthStream from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $24.00 price target (down from $28.00) on shares of HealthStream in a research note on Wednesday, July 26th. Needham & Company LLC downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $25.00 price target on shares of HealthStream in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.83.

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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.

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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