Annex Advisory Services LLC Buys New Shares in HealthStream, Inc. (NASDAQ:HSTM)

Annex Advisory Services LLC acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 36,140 shares of the technology company’s stock, valued at approximately $1,149,000. Annex Advisory Services LLC owned 0.12% of HealthStream at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in shares of HealthStream in the 3rd quarter valued at about $27,000. Point72 DIFC Ltd bought a new position in shares of HealthStream in the 2nd quarter valued at about $38,000. GAMMA Investing LLC grew its position in shares of HealthStream by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after acquiring an additional 359 shares during the period. Copeland Capital Management LLC bought a new position in shares of HealthStream in the 3rd quarter valued at about $63,000. Finally, CWM LLC grew its position in shares of HealthStream by 64.2% in the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,739 shares during the period. Institutional investors own 69.58% of the company’s stock.

HealthStream Stock Performance

Shares of HSTM stock opened at $31.88 on Tuesday. The company has a market capitalization of $969.79 million, a price-to-earnings ratio of 49.05, a PEG ratio of 4.09 and a beta of 0.40. The company has a 50-day simple moving average of $32.09 and a 200 day simple moving average of $30.03. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.52.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays lifted their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group lifted their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $31.50.

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.