Schwab Charles Investment Management Inc. raised its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,119 shares of the technology company’s stock after purchasing an additional 1,101 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.34% of HealthStream worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its holdings in HealthStream by 0.3% during the first quarter. Teachers Advisors LLC now owns 333,482 shares of the technology company’s stock valued at $8,080,000 after purchasing an additional 1,052 shares in the last quarter. Comerica Bank boosted its holdings in HealthStream by 3.9% during the first quarter. Comerica Bank now owns 28,062 shares of the technology company’s stock valued at $812,000 after purchasing an additional 1,049 shares in the last quarter. Bank of America Corp DE boosted its holdings in HealthStream by 27.2% during the first quarter. Bank of America Corp DE now owns 234,618 shares of the technology company’s stock valued at $5,685,000 after purchasing an additional 50,163 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new stake in HealthStream during the second quarter valued at approximately $874,000. Finally, Arizona State Retirement System boosted its holdings in HealthStream by 1.5% during the first quarter. Arizona State Retirement System now owns 13,264 shares of the technology company’s stock valued at $321,000 after purchasing an additional 200 shares in the last quarter. 75.87% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on HSTM shares. Needham & Company LLC decreased their price objective on HealthStream from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, July 26th. ValuEngine downgraded HealthStream from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $30.00 price objective on shares of HealthStream in a report on Thursday, August 31st. Canaccord Genuity reaffirmed a “hold” rating and set a $25.00 price objective on shares of HealthStream in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.17.

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HealthStream, Inc. (HSTM) opened at 23.94 on Friday. The firm has a market capitalization of $763.35 million, a P/E ratio of 172.23 and a beta of 0.98. HealthStream, Inc. has a one year low of $20.60 and a one year high of $31.53. The stock has a 50 day moving average price of $23.65 and a 200 day moving average price of $25.45.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $61.48 million for the quarter, compared to analyst estimates of $61.36 million. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. On average, equities analysts predict that HealthStream, Inc. will post $0.22 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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