Inspire Investing LLC Lowers Position in HealthStream, Inc. (NASDAQ:HSTM)

Inspire Investing LLC trimmed its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,040 shares of the technology company’s stock after selling 5,032 shares during the quarter. Inspire Investing LLC’s holdings in HealthStream were worth $1,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of HealthStream in the 3rd quarter valued at approximately $27,000. Point72 DIFC Ltd bought a new position in HealthStream in the second quarter worth $38,000. GAMMA Investing LLC lifted its position in HealthStream by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after buying an additional 359 shares during the period. Copeland Capital Management LLC bought a new stake in shares of HealthStream during the 3rd quarter valued at $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 worth $128,000 after buying an additional 1,739 shares during the period. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

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

HealthStream Price Performance

Shares of HealthStream stock opened at $32.16 on Friday. The stock has a market cap of $978.15 million, a price-to-earnings ratio of 49.48, a PEG ratio of 4.15 and a beta of 0.40. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $33.52. The firm’s 50-day moving average is $32.06 and its 200 day moving average is $30.08.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm 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%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. On average, equities analysts expect that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

About HealthStream

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.