Assenagon Asset Management S.A. Sells 102,942 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Assenagon Asset Management S.A. lowered its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 51.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 98,659 shares of the technology company’s stock after selling 102,942 shares during the period. Assenagon Asset Management S.A. owned approximately 0.32% of HealthStream worth $3,137,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quarry LP bought a new stake in HealthStream in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC grew its holdings in shares of HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after acquiring an additional 359 shares during the period. Point72 DIFC Ltd purchased a new stake in HealthStream during the second quarter valued at $38,000. Copeland Capital Management LLC bought a new position in HealthStream in the third quarter valued at about $63,000. Finally, CWM LLC boosted its position in 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. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Stock Up 0.0 %

Shares of HealthStream stock opened at $31.89 on Wednesday. The company has a market capitalization of $970.09 million, a price-to-earnings ratio of 49.06, a PEG ratio of 4.15 and a beta of 0.40. The stock’s 50-day simple moving average is $32.08 and its 200-day simple moving average is $30.07. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.52.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $73.10 million for 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 firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.