Cortina Asset Management LLC Sold 12,439 Shares of HealthStream, Inc. (HSTM)

Cortina Asset Management LLC Sold 12,439 Shares of HealthStream, Inc. (HSTM)

Cortina Asset Management LLC cut its stake in HealthStream, Inc. (NASDAQ:HSTM) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,960 shares of the technology company’s stock after selling 12,439 shares during the period. Cortina Asset Management LLC’s holdings in HealthStream were worth $5,838,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its stake in HealthStream by 11.6% in the first quarter. Blair William & Co. IL now owns 69,255 shares of the technology company’s stock valued at $1,695,000 after buying an additional 7,200 shares during the period. Arizona State Retirement System increased its stake in HealthStream by 1.5% in the first quarter. Arizona State Retirement System now owns 13,264 shares of the technology company’s stock valued at $321,000 after buying an additional 200 shares during the period. Envestnet Asset Management Inc. increased its stake in HealthStream by 1.7% in the first quarter. Envestnet Asset Management Inc. now owns 28,891 shares of the technology company’s stock valued at $700,000 after buying an additional 490 shares during the period. Mason Street Advisors LLC increased its stake in HealthStream by 7.1% in the first quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock valued at $144,000 after buying an additional 395 shares during the period. Finally, AlphaOne Investment Services LLC increased its stake in HealthStream by 3.7% in the first quarter. AlphaOne Investment Services LLC now owns 145,521 shares of the technology company’s stock valued at $3,526,000 after buying an additional 5,245 shares during the period. 74.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of HealthStream, Inc. (NASDAQ:HSTM) traded up 2.72% on Friday, hitting $29.50. The stock had a trading volume of 127,152 shares. The company’s 50 day moving average price is $27.61 and its 200-day moving average price is $24.88. The company has a market cap of $940.52 million, a P/E ratio of 268.18 and a beta of 1.19. HealthStream, Inc. has a 12 month low of $20.60 and a 12 month high of $29.86.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, April 24th. The technology company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $59.90 million during the quarter, compared to analysts’ expectations of $59.25 million. HealthStream had a return on equity of 3.13% and a net margin of 2.63%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. On average, analysts expect that HealthStream, Inc. will post $0.21 earnings per share for the current year.

Several research firms have commented on HSTM. Cantor Fitzgerald boosted their target price on HealthStream from $27.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, May 1st. Needham & Company LLC boosted their target price on HealthStream from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research raised HealthStream from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Craig Hallum raised HealthStream from a “hold” rating to a “buy” rating in a report on Tuesday, April 25th. Finally, Robert W. Baird set a $31.00 target price on HealthStream and gave the stock a “buy” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. HealthStream currently has a consensus rating of “Hold” and a consensus target price of $27.11.

About HealthStream

HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HSTM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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