HealthStream, Inc. (NASDAQ:HSTM) Sees Significant Decline in Short Interest

HealthStream, Inc. (NASDAQ:HSTM) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 862,200 shares, a decline of 9.7% from the January 15th total of 955,000 shares. Based on an average daily trading volume, of 158,800 shares, the days-to-cover ratio is currently 5.4 days. Currently, 3.3% of the shares of the stock are sold short.

HSTM traded up $0.22 during trading on Friday, hitting $25.85. The company’s stock had a trading volume of 78,425 shares. The firm’s 50 day moving average price is $26.63 and its two-hundred day moving average price is $27.13. HealthStream has a 12 month low of $24.23 and a 12 month high of $30.00.

Several analysts recently commented on the company. Zacks Investment Research lowered HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, December 25th. Raymond James assumed coverage on HealthStream in a research note on Thursday, December 19th. They issued a “market perform” rating on the stock. BidaskClub lowered HealthStream from a “sell” rating to a “strong sell” rating in a research note on Friday, January 31st. Finally, ValuEngine lowered HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.00.

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its position in HealthStream by 1.0% in the 4th quarter. State Street Corp now owns 809,521 shares of the technology company’s stock valued at $22,019,000 after purchasing an additional 8,369 shares during the last quarter. Panagora Asset Management Inc. raised its position in HealthStream by 6.1% in the 4th quarter. Panagora Asset Management Inc. now owns 402,662 shares of the technology company’s stock valued at $10,952,000 after purchasing an additional 23,104 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in HealthStream by 14.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 221,931 shares of the technology company’s stock valued at $6,037,000 after purchasing an additional 27,931 shares during the last quarter. Principal Financial Group Inc. raised its position in HealthStream by 5.0% in the 4th quarter. Principal Financial Group Inc. now owns 221,340 shares of the technology company’s stock valued at $6,020,000 after purchasing an additional 10,614 shares during the last quarter. Finally, Credit Suisse AG raised its position in HealthStream by 333.5% in the 4th quarter. Credit Suisse AG now owns 219,815 shares of the technology company’s stock valued at $5,979,000 after purchasing an additional 169,104 shares during the last quarter. Hedge funds and other institutional investors own 71.90% of the company’s stock.

About HealthStream

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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