HealthStream, Inc. (NASDAQ:HSTM) Holdings Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 61,856 shares of the technology company’s stock after acquiring an additional 2,534 shares during the period. Exchange Traded Concepts LLC’s holdings in HealthStream were worth $1,967,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of HealthStream by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,570,735 shares of the technology company’s stock valued at $43,824,000 after buying an additional 15,379 shares during the last quarter. State Street Corp raised its holdings in shares of HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock valued at $28,097,000 after buying an additional 11,976 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of HealthStream by 2.9% during the third quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company’s stock valued at $19,463,000 after buying an additional 18,779 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of HealthStream by 3.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 414,787 shares of the technology company’s stock valued at $13,190,000 after buying an additional 14,754 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of HealthStream by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 218,447 shares of the technology company’s stock valued at $6,300,000 after buying an additional 6,832 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

HealthStream Price Performance

NASDAQ HSTM opened at $32.20 on Monday. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $33.52. The firm has a market capitalization of $979.52 million, a PE ratio of 49.54, a P/E/G ratio of 4.17 and a beta of 0.40. The company’s 50 day simple moving average is $32.08 and its 200 day simple moving average is $30.16.

Wall Street Analysts Forecast Growth

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

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.