HealthStream, Inc. (NASDAQ:HSTM) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $24.00.
A number of research analysts have recently weighed in on HSTM shares. Needham & Company LLC reissued a “hold” rating and issued a $26.00 price objective on shares of HealthStream in a report on Tuesday, October 24th. Zacks Investment Research raised HealthStream from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a report on Wednesday, October 25th. Canaccord Genuity reissued a “hold” rating and issued a $25.00 price objective on shares of HealthStream in a report on Monday, October 23rd. ValuEngine lowered HealthStream from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $24.00 price objective (down from $28.00) on shares of HealthStream in a report on Wednesday, July 26th.
Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its holdings in HealthStream by 79.4% during the second quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,230 shares during the period. Bank of Montreal Can grew its holdings in HealthStream by 1.1% during the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock worth $151,000 after acquiring an additional 65 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in HealthStream by 5.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock worth $158,000 after acquiring an additional 290 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in HealthStream during the second quarter worth about $205,000. Finally, BNP Paribas Arbitrage SA boosted its position in HealthStream by 53.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,131 shares of the technology company’s stock worth $214,000 after purchasing an additional 2,849 shares in the last quarter. 70.17% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HealthStream (HSTM) traded down $0.07 during midday trading on Monday, hitting $23.92. The company had a trading volume of 83,000 shares, compared to its average volume of 147,109. The stock has a market cap of $757.54, a PE ratio of 108.73, a P/E/G ratio of 6.42 and a beta of 0.93. HealthStream has a 1 year low of $20.60 and a 1 year high of $31.53.
HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. HealthStream had a return on equity of 2.46% and a net margin of 2.36%. The company had revenue of $63.60 million for the quarter, compared to analyst estimates of $62.48 million. During the same period in the prior year, the company posted $0.04 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. equities analysts expect that HealthStream will post 0.23 EPS for the current fiscal year.
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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