Ellsworth Advisors LLC Buys 1,582 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Ellsworth Advisors LLC boosted its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,617 shares of the technology company’s stock after purchasing an additional 1,582 shares during the period. Ellsworth Advisors LLC owned 0.07% of HealthStream worth $687,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HSTM. Barclays PLC boosted its holdings in shares of HealthStream by 145.0% in the 3rd quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock valued at $1,697,000 after buying an additional 34,821 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in HealthStream in the second quarter valued at $626,000. State Street Corp grew its position in shares of HealthStream by 1.2% in the 3rd quarter. State Street Corp now owns 974,235 shares of the technology company’s stock valued at $28,097,000 after acquiring an additional 11,976 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of HealthStream by 141.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock worth $11,537,000 after purchasing an additional 234,148 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of HealthStream by 24.0% in the 3rd quarter. FMR LLC now owns 119,067 shares of the technology company’s stock valued at $3,434,000 after purchasing an additional 23,055 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HSTM has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price target on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Barclays lifted their target price on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, HealthStream presently has an average rating of “Buy” and a consensus price target of $31.50.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $31.88 on Monday. The firm has a market cap of $969.63 million, a price-to-earnings ratio of 49.05, a P/E/G ratio of 4.09 and a beta of 0.40. The stock’s fifty day moving average price is $32.10 and its two-hundred day moving average price is $30.00. HealthStream, Inc. has a one year low of $23.92 and a one year high of $33.52.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.13 by $0.06. The business had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. HealthStream’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share. On average, equities analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

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.