Fmr LLC Acquires 23,055 Shares of HealthStream, Inc. (NASDAQ:HSTM)

FMR LLC grew its position in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 24.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,067 shares of the technology company's stock after acquiring an additional 23,055 shares during the quarter. FMR LLC owned about 0.39% of HealthStream worth $3,434,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of HealthStream by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company's stock worth $39,000 after purchasing an additional 359 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of HealthStream by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company's stock worth $270,000 after buying an additional 876 shares in the last quarter. Ellsworth Advisors LLC raised its stake in shares of HealthStream by 5.1% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company's stock worth $578,000 after buying an additional 972 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of HealthStream in the 2nd quarter worth $38,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of HealthStream by 2.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 59,322 shares of the technology company's stock worth $1,711,000 after buying an additional 1,504 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

HealthStream Stock Down 0.5 %

Shares of NASDAQ:HSTM traded down $0.17 during trading on Friday, hitting $32.34. 66,768 shares of the company were exchanged, compared to its average volume of 117,288. The business's 50 day moving average is $30.84 and its 200-day moving average is $29.27. The company has a market capitalization of $983.62 million, a P/E ratio of 49.75, a price-to-earnings-growth ratio of 4.36 and a beta of 0.38. HealthStream, Inc. has a 1-year low of $23.92 and a 1-year high of $33.52.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The firm had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. As a group, sell-side analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a dividend of $0.028 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.35%. HealthStream's dividend payout ratio (DPR) is currently 16.92%.

Wall Street Analyst Weigh In

A number of research analysts have commented on HSTM shares. Canaccord Genuity Group upped their price target on HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Craig Hallum upgraded HealthStream to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, Barclays increased their price target on HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $31.50.

HealthStream Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.