HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC cut its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,221 shares of the technology company’s stock after selling 24,252 shares during the period. Stephens Investment Management Group LLC owned approximately 1.09% of HealthStream worth $10,533,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC lifted its position in shares of HealthStream by 17,363.4% during the 4th quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock valued at $12,062,000 after acquiring an additional 377,134 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of HealthStream by 141.2% during the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock worth $11,537,000 after purchasing an additional 234,148 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of HealthStream during the third quarter valued at $1,635,000. Assenagon Asset Management S.A. boosted its position in shares of HealthStream by 37.3% in 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 purchasing an additional 54,775 shares during the period. Finally, Annex Advisory Services LLC purchased a new position in HealthStream in the 4th quarter worth about $1,149,000. 69.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HSTM has been the subject of a number of analyst reports. Barclays upped their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group upped their price target on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, JMP Securities reissued a “market perform” rating on shares of HealthStream in a research note on Thursday. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Price Performance

Shares of HSTM opened at $33.18 on Monday. The business’s 50-day moving average is $32.19 and its 200-day moving average is $30.38. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 51.05, a P/E/G ratio of 4.30 and a beta of 0.39. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $33.78.

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.