9,329 Shares in HealthStream, Inc. (NASDAQ:HSTM) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,329 shares of the technology company’s stock, valued at approximately $269,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of HealthStream by 172.1% in the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after buying an additional 630 shares during the last quarter. Point72 DIFC Ltd purchased a new position in HealthStream in the second quarter worth $38,000. Copeland Capital Management LLC acquired a new position in shares of HealthStream during the third quarter worth $63,000. CWM LLC lifted its holdings in shares of HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,173 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of HealthStream in the 2nd quarter worth $214,000. 69.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

HealthStream Price Performance

Shares of HSTM stock opened at $33.10 on Monday. The business has a fifty day moving average of $30.08 and a 200 day moving average of $28.90. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $33.52. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 50.92, a price-to-earnings-growth ratio of 4.40 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (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%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.34%. The ex-dividend date was Monday, November 4th. HealthStream’s payout ratio is 16.92%.

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.