HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in HealthStream, Inc. (NASDAQ:HSTM) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,864 shares of the technology company’s stock after selling 1,071 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of HealthStream worth $544,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HSTM. Price T Rowe Associates Inc. MD grew its holdings in HealthStream by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock valued at $432,000 after purchasing an additional 918 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 630 shares during the last quarter. CWM LLC grew its holdings in HealthStream by 405.4% in the second 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. Assenagon Asset Management S.A. grew its holdings in HealthStream by 58.6% in the second quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after purchasing an additional 54,227 shares during the last quarter. Finally, Ellsworth Advisors LLC lifted its position in shares of HealthStream by 6.8% in the second quarter. Ellsworth Advisors LLC now owns 19,063 shares of the technology company’s stock valued at $532,000 after acquiring an additional 1,212 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HSTM shares. Barclays upped 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. Canaccord Genuity Group upped their price objective on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum upgraded 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 issued a strong buy rating to the company. Based on data from MarketBeat, HealthStream currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

HealthStream Trading Up 0.5 %

NASDAQ HSTM opened at $33.10 on Thursday. The business’s 50-day moving average price is $30.35 and its 200 day moving average price is $29.02. HealthStream, Inc. has a twelve month low of $23.92 and a twelve month high of $33.52. The company has a market capitalization of $1.01 billion, a PE ratio of 50.92, a price-to-earnings-growth ratio of 4.41 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last released its earnings results 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. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. During the same period in the prior year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

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

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.