Allspring Global Investments Holdings LLC Lowers Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Allspring Global Investments Holdings LLC decreased its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,557 shares of the technology company’s stock after selling 8,327 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.21% of HealthStream worth $2,021,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of HealthStream by 64.2% in the third quarter. CWM LLC now owns 4,448 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,739 shares during the last quarter. Creative Planning grew its holdings in HealthStream by 51.2% during the third quarter. Creative Planning now owns 15,844 shares of the technology company’s stock valued at $457,000 after purchasing an additional 5,368 shares during the period. Assenagon Asset Management S.A. grew its holdings in HealthStream by 37.3% during the third 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. Harbor Capital Advisors Inc. grew its holdings in HealthStream by 141.2% during the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after purchasing an additional 234,148 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of HealthStream by 16.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 60,094 shares of the technology company’s stock valued at $1,733,000 after acquiring an additional 8,308 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Trading Down 2.1 %

NASDAQ:HSTM opened at $32.88 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of 50.59, a P/E/G ratio of 4.40 and a beta of 0.39. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $34.24. The business’s 50-day moving average is $32.39 and its 200 day moving average is $30.67.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.