Assenagon Asset Management S.A. Sells 3,550 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Assenagon Asset Management S.A. cut its position in shares of HealthStream, Inc. (NASDAQ:HSTMGet Rating) by 8.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,211 shares of the technology company’s stock after selling 3,550 shares during the period. Assenagon Asset Management S.A. owned approximately 0.12% of HealthStream worth $770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its stake in shares of HealthStream by 12.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 4,083 shares of the technology company’s stock valued at $89,000 after purchasing an additional 444 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of HealthStream by 4.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 18,388 shares of the technology company’s stock valued at $399,000 after purchasing an additional 820 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of HealthStream by 30.1% in the 1st quarter. Captrust Financial Advisors now owns 4,344 shares of the technology company’s stock valued at $87,000 after purchasing an additional 1,005 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of HealthStream by 50.9% in the 2nd quarter. Lazard Asset Management LLC now owns 3,447 shares of the technology company’s stock valued at $74,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of HealthStream by 7.0% in the 1st quarter. Citigroup Inc. now owns 22,973 shares of the technology company’s stock valued at $458,000 after purchasing an additional 1,510 shares during the last quarter. 70.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HSTM has been the subject of several analyst reports. StockNews.com initiated coverage on HealthStream in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Canaccord Genuity Group decreased their price target on HealthStream from $24.00 to $23.00 in a research note on Friday, September 23rd.

HealthStream Stock Performance

Shares of HSTM stock opened at $24.37 on Monday. HealthStream, Inc. has a 52-week low of $18.51 and a 52-week high of $26.62. The firm has a market capitalization of $745.06 million, a P/E ratio of 81.23, a P/E/G ratio of 7.31 and a beta of 0.51. The stock has a 50 day moving average price of $24.81 and a 200 day moving average price of $23.40.

HealthStream (NASDAQ:HSTMGet Rating) last issued its quarterly earnings results on Monday, October 24th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. HealthStream had a return on equity of 2.75% and a net margin of 3.52%. The firm had revenue of $67.29 million during the quarter, compared to analyst estimates of $68.39 million. During the same period last year, the company earned $0.05 EPS. HealthStream’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that HealthStream, Inc. will post 0.38 EPS for the current year.

HealthStream Company Profile

(Get Rating)

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 range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation and account management services.

Featured Articles

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

Receive News & Ratings for HealthStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream and related companies with MarketBeat.com's FREE daily email newsletter.