HealthStream, Inc. (NASDAQ:HSTM) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in HealthStream, Inc. (NASDAQ:HSTM) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,856 shares of the technology company’s stock after purchasing an additional 2,534 shares during the period. Exchange Traded Concepts LLC owned approximately 0.20% of HealthStream worth $1,967,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC increased its holdings in HealthStream by 7.9% in the 4th quarter. Ellsworth Advisors LLC now owns 21,617 shares of the technology company’s stock valued at $687,000 after purchasing an additional 1,582 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in HealthStream in the 4th quarter valued at $1,149,000. Harbor Capital Advisors Inc. increased its holdings in HealthStream by 3.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 414,787 shares of the technology company’s stock valued at $13,190,000 after purchasing an additional 14,754 shares in the last quarter. Diversified Trust Co increased its holdings in HealthStream by 20.5% in the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock valued at $278,000 after purchasing an additional 1,486 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in HealthStream by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company’s stock valued at $1,650,000 after purchasing an additional 9,017 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HSTM has been the subject of several recent analyst reports. Barclays raised their target price on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group raised their target price on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $31.50.

HealthStream Stock Performance

NASDAQ:HSTM opened at $32.20 on Monday. The company has a market capitalization of $979.52 million, a price-to-earnings ratio of 49.54, a price-to-earnings-growth ratio of 4.17 and a beta of 0.40. HealthStream, Inc. has a one year low of $23.92 and a one year high of $33.52. The stock has a 50-day simple moving average of $32.08 and a 200 day simple moving average of $30.16.

HealthStream 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.