HealthStream, Inc. (NASDAQ:HSTM) was the recipient of a large drop in short interest in the month of October. As of October 13th, there was short interest totalling 722,525 shares, a drop of 56.1% from the September 29th total of 1,644,457 shares. Based on an average trading volume of 218,505 shares, the short-interest ratio is presently 3.3 days. Approximately 2.8% of the company’s shares are sold short.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings 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 period. Bank of Montreal Can grew its holdings 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 period. The Manufacturers Life Insurance Company grew its holdings in HealthStream by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,433 shares of the technology company’s stock worth $538,000 after purchasing an additional 158 shares during the period. Arizona State Retirement System grew its holdings in HealthStream by 1.5% in the first quarter. Arizona State Retirement System now owns 13,264 shares of the technology company’s stock worth $321,000 after purchasing an additional 200 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in HealthStream by 1.0% in the second quarter. Wells Fargo & Company MN now owns 21,781 shares of the technology company’s stock worth $573,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 75.89% of the company’s stock.

HealthStream (NASDAQ:HSTM) opened at 23.29 on Friday. HealthStream has a 52-week low of $20.60 and a 52-week high of $31.53. The company has a market cap of $742.62 million, a PE ratio of 167.55 and a beta of 0.98. The stock’s 50 day moving average is $23.64 and its 200-day moving average is $25.46.

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

A number of analysts have weighed in on the company. Robert W. Baird decreased their price target on HealthStream from $30.00 to $28.00 and set an “outperform” rating for the company in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating and set a $26.00 price target on shares of HealthStream in a report on Tuesday. Zacks Investment Research downgraded HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday, July 26th. First Analysis upgraded HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target for the company in a report on Wednesday, July 26th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $25.00 price target on shares of HealthStream in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. HealthStream presently has a consensus rating of “Hold” and a consensus price target of $25.14.

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About HealthStream

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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