BNP Paribas Arbitrage SA raised its stake in HealthStream, Inc. (NASDAQ:HSTM) by 53.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,131 shares of the technology company’s stock after purchasing an additional 2,849 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in HealthStream were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HSTM. Louisiana State Employees Retirement System grew its stake in HealthStream by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the technology company’s stock valued at $252,000 after purchasing an additional 200 shares in the last quarter. Wells Fargo & Company MN grew its stake in HealthStream by 20.1% in the first quarter. Wells Fargo & Company MN now owns 21,575 shares of the technology company’s stock valued at $523,000 after purchasing an additional 3,615 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in HealthStream by 6.1% in the first quarter. Great West Life Assurance Co. Can now owns 36,394 shares of the technology company’s stock valued at $881,000 after purchasing an additional 2,090 shares in the last quarter. Bank of New York Mellon Corp grew its stake in HealthStream by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 331,213 shares of the technology company’s stock valued at $8,025,000 after purchasing an additional 9,673 shares in the last quarter. Finally, Comerica Bank grew its stake in HealthStream by 3.9% in the first quarter. Comerica Bank now owns 28,062 shares of the technology company’s stock valued at $812,000 after purchasing an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 75.87% of the company’s stock.

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HealthStream, Inc. (NASDAQ HSTM) opened at 23.59 on Friday. The company has a market capitalization of $752.19 million, a P/E ratio of 169.71 and a beta of 0.98. The stock’s 50 day moving average price is $23.27 and its 200 day moving average price is $25.41. HealthStream, Inc. has a 52 week low of $20.60 and a 52 week high of $31.53.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $61.48 million during the quarter, compared to analyst estimates of $61.36 million. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. HealthStream’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 earnings per share. Analysts anticipate that HealthStream, Inc. will post $0.22 earnings per share for the current year.

A number of research firms have weighed in on HSTM. Robert W. Baird restated an “outperform” rating and issued a $35.00 price target on shares of HealthStream in a research note on Tuesday, June 27th. Zacks Investment Research upgraded HealthStream from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Tuesday, June 27th. ValuEngine downgraded HealthStream from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Canaccord Genuity restated a “hold” rating and issued a $25.00 price target on shares of HealthStream in a research note on Thursday, July 27th. Finally, Needham & Company LLC decreased their price target on HealthStream from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.71.

HealthStream Company Profile

HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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