HealthStream, Inc. (NASDAQ:HSTM) Short Interest Up 13.1% in November

HealthStream, Inc. (NASDAQ:HSTM) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 606,000 shares, an increase of 13.1% from the October 31st total of 535,800 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average trading volume of 131,500 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new stake in HealthStream in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC increased its stake in HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after acquiring an additional 630 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of HealthStream in the 2nd quarter valued at $38,000. Copeland Capital Management LLC acquired a new position in shares of HealthStream during the third quarter worth $63,000. Finally, CWM LLC grew its stake in shares of HealthStream by 405.4% in the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,173 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Stock Performance

HSTM stock traded down $0.13 during trading on Tuesday, hitting $33.03. The stock had a trading volume of 21,023 shares, compared to its average volume of 117,577. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 50.95, a price-to-earnings-growth ratio of 4.40 and a beta of 0.38. The company’s 50 day moving average price is $30.17 and its two-hundred day moving average price is $28.95. HealthStream has a 1-year low of $23.92 and a 1-year high of $33.52.

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

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Monday, November 4th. HealthStream’s dividend payout ratio (DPR) is presently 16.92%.

Analyst Ratings Changes

HSTM has been the subject of several recent research reports. Canaccord Genuity Group lifted their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Barclays increased their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

HealthStream Company 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.