Creative Planning Has $457,000 Position in HealthStream, Inc. (NASDAQ:HSTM)

Creative Planning raised its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 51.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,844 shares of the technology company’s stock after purchasing an additional 5,368 shares during the period. Creative Planning owned 0.05% of HealthStream worth $457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC grew its holdings in HealthStream by 2.6% during the third quarter. Exchange Traded Concepts LLC now owns 59,322 shares of the technology company’s stock valued at $1,711,000 after purchasing an additional 1,504 shares during the last quarter. Inspire Investing LLC grew its holdings in HealthStream by 54.8% during the third quarter. Inspire Investing LLC now owns 44,072 shares of the technology company’s stock valued at $1,271,000 after purchasing an additional 15,606 shares during the last quarter. CWM LLC grew its holdings in HealthStream by 64.2% during the third quarter. CWM LLC now owns 4,448 shares of the technology company’s stock valued at $128,000 after purchasing an additional 1,739 shares during the last quarter. GAMMA Investing LLC grew its holdings in HealthStream by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after purchasing an additional 359 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in HealthStream by 96.5% during the third quarter. SG Americas Securities LLC now owns 18,932 shares of the technology company’s stock valued at $546,000 after purchasing an additional 9,296 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HSTM. Canaccord Genuity Group increased their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Barclays increased their price objective on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Craig Hallum raised HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, HealthStream presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Insider Buying and Selling at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.60% of the company’s stock.

HealthStream Price Performance

Shares of HSTM stock opened at $31.39 on Thursday. The stock has a market cap of $954.88 million, a P/E ratio of 48.29, a price-to-earnings-growth ratio of 3.88 and a beta of 0.35. HealthStream, Inc. has a one year low of $23.92 and a one year high of $31.70. The stock has a fifty day moving average price of $28.88 and a 200 day moving average price of $28.20.

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

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.028 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.36%. HealthStream’s payout ratio is presently 16.92%.

About HealthStream

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.