Centiva Capital LP Invests $260,000 in HealthStream, Inc. (NASDAQ:HSTM)

Centiva Capital LP acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,009 shares of the technology company’s stock, valued at approximately $260,000.

Other large investors have also recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C purchased a new stake in HealthStream in the second quarter valued at $626,000. Assenagon Asset Management S.A. raised its holdings in HealthStream by 58.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after buying an additional 54,227 shares during the period. Harbor Capital Advisors Inc. lifted its position in HealthStream by 141.2% in the third quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after buying an additional 234,148 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in HealthStream by 7.1% during the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock worth $14,792,000 after buying an additional 35,350 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of HealthStream by 97.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after acquiring an additional 33,161 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective 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. Craig Hallum raised HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Barclays raised their target price on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $31.50.

HealthStream Stock Down 0.5 %

NASDAQ:HSTM opened at $32.78 on Thursday. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.52. The company has a fifty day simple moving average of $30.71 and a two-hundred day simple moving average of $29.20. The company has a market cap of $997.00 million, a price-to-earnings ratio of 50.43, a price-to-earnings-growth ratio of 4.29 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. On average, analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s dividend payout ratio is currently 16.92%.

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.