JPMorgan Chase & Co. Grows Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

JPMorgan Chase & Co. raised its stake in HealthStream, Inc. (NASDAQ:HSTM) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,204 shares of the technology company’s stock after buying an additional 9,017 shares during the period. JPMorgan Chase & Co. owned about 0.19% of HealthStream worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in HSTM. Harbor Capital Advisors Inc. boosted its position in HealthStream by 141.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock valued at $11,537,000 after buying an additional 234,148 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in HealthStream in the 3rd quarter valued at about $1,635,000. Assenagon Asset Management S.A. boosted its position in HealthStream by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after buying an additional 54,775 shares during the period. Barclays PLC boosted its position in 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 period. Finally, AQR Capital Management LLC boosted its position in HealthStream by 32.4% in the 2nd quarter. AQR Capital Management LLC now owns 128,036 shares of the technology company’s stock valued at $3,572,000 after buying an additional 31,314 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Stock Performance

NASDAQ:HSTM opened at $32.06 on Thursday. HealthStream, Inc. has a one year low of $23.92 and a one year high of $33.52. The firm has a market cap of $975.27 million, a P/E ratio of 49.32, a P/E/G ratio of 4.15 and a beta of 0.40. The firm has a 50-day simple moving average of $32.06 and a 200-day simple moving average of $30.08.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $73.10 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. On average, research analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HSTM shares. Barclays boosted 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. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group boosted their price target on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, HealthStream has a consensus 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.