Annex Advisory Services LLC Takes Position in HealthStream, Inc. (NASDAQ:HSTM)

Annex Advisory Services LLC bought a new stake in HealthStream, Inc. (NASDAQ:HSTM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,140 shares of the technology company’s stock, valued at approximately $1,149,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of HealthStream in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC increased its position in HealthStream by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after purchasing an additional 359 shares in the last quarter. Point72 DIFC Ltd acquired a new position in HealthStream during the 2nd quarter worth approximately $38,000. Copeland Capital Management LLC acquired a new position in HealthStream during the 3rd quarter worth approximately $63,000. Finally, CWM LLC increased its position in HealthStream by 64.2% during the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,739 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Price Performance

HSTM opened at $31.88 on Tuesday. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $33.52. The firm 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’s 50 day moving average price is $32.09 and its two-hundred day moving average price is $30.03.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same period in the previous year, the firm posted $0.13 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

HSTM has been the subject of a number of research analyst reports. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group upped 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. Finally, Barclays upped their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.