Short Interest in HealthStream, Inc. (NASDAQ:HSTM) Declines By 15.2%

HealthStream, Inc. (NASDAQ:HSTMGet Rating) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 390,100 shares, a decline of 15.2% from the May 15th total of 460,100 shares. Based on an average trading volume of 112,500 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.6% of the shares of the company are sold short.

Shares of HSTM stock traded up $0.33 on Friday, reaching $19.33. The stock had a trading volume of 1,910 shares, compared to its average volume of 109,950. HealthStream has a 1 year low of $18.51 and a 1 year high of $31.11. The stock has a market cap of $587.44 million, a P/E ratio of 91.62, a price-to-earnings-growth ratio of 7.29 and a beta of 0.46. The company has a 50 day simple moving average of $19.78 and a 200 day simple moving average of $22.00.

HealthStream (NASDAQ:HSTMGet Rating) last posted its quarterly earnings results on Monday, April 25th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.05. The business had revenue of $65.40 million during the quarter, compared to the consensus estimate of $65.79 million. HealthStream had a return on equity of 2.48% and a net margin of 2.49%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. As a group, sell-side analysts predict that HealthStream will post 0.27 EPS for the current year.

Several brokerages have commented on HSTM. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 3rd. Canaccord Genuity Group reduced their price objective on HealthStream from $29.00 to $22.00 in a research report on Wednesday, February 23rd.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its holdings in shares of HealthStream by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 42,735 shares of the technology company’s stock worth $1,126,000 after purchasing an additional 727 shares during the period. GSA Capital Partners LLP raised its stake in shares of HealthStream by 25.2% in the fourth quarter. GSA Capital Partners LLP now owns 62,145 shares of the technology company’s stock valued at $1,638,000 after acquiring an additional 12,497 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of HealthStream by 5.7% in the 4th quarter. Acadian Asset Management LLC now owns 539,606 shares of the technology company’s stock worth $14,199,000 after acquiring an additional 29,254 shares during the last quarter. Strs Ohio boosted its stake in shares of HealthStream by 10.2% during the 4th quarter. Strs Ohio now owns 32,400 shares of the technology company’s stock worth $854,000 after purchasing an additional 3,000 shares during the period. Finally, Diversified Trust Co grew its stake in shares of HealthStream by 15.7% during the fourth quarter. Diversified Trust Co now owns 16,006 shares of the technology company’s stock valued at $422,000 after buying an additional 2,169 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

About HealthStream (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.

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