Polar Asset Management Partners Inc. Purchases Shares of 56,700 HealthStream, Inc. (NASDAQ:HSTM)

Polar Asset Management Partners Inc. bought a new position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 56,700 shares of the technology company's stock, valued at approximately $1,635,000. Polar Asset Management Partners Inc. owned 0.19% of HealthStream as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in HealthStream by 141.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company's stock valued at $11,537,000 after acquiring an additional 234,148 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of HealthStream by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company's stock valued at $5,814,000 after buying an additional 54,775 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of HealthStream by 7.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company's stock valued at $14,792,000 after buying an additional 35,350 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in HealthStream by 97.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company's stock worth $1,878,000 after acquiring an additional 33,161 shares during the period. Finally, AQR Capital Management LLC raised its position in HealthStream by 32.4% during the second quarter. AQR Capital Management LLC now owns 128,036 shares of the technology company's stock valued at $3,572,000 after acquiring an additional 31,314 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HSTM shares. Craig Hallum raised shares of HealthStream to a "strong-buy" rating in a report on Thursday, October 17th. Canaccord Genuity Group increased their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Finally, Barclays lifted 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. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream Price Performance

HSTM stock traded down $0.19 during trading on Friday, hitting $32.25. The stock had a trading volume of 104,239 shares, compared to its average volume of 117,951. The stock has a market capitalization of $980.88 million, a P/E ratio of 49.62, a PEG ratio of 4.38 and a beta of 0.38. The company's 50-day moving average price is $30.43 and its two-hundred day moving average price is $29.04. HealthStream, Inc. has a twelve month low of $23.92 and a twelve month high of $33.52.

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

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Monday, November 4th. HealthStream's dividend payout ratio (DPR) is presently 16.92%.

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.