Barrington Research Reiterates “Hold” Rating for HealthStream (HSTM)

HealthStream (NASDAQ:HSTM)‘s stock had its “hold” rating reaffirmed by analysts at Barrington Research in a report issued on Thursday.

Several other equities research analysts have also weighed in on the company. TheStreet lowered HealthStream from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. BidaskClub lowered HealthStream from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. ValuEngine lowered HealthStream from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Finally, Zacks Investment Research lowered HealthStream from a “buy” rating to a “hold” rating in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.40.

HSTM opened at $24.93 on Thursday. HealthStream has a twelve month low of $21.15 and a twelve month high of $31.86. The company has a market capitalization of $830.12 million, a P/E ratio of 92.33, a P/E/G ratio of 3.91 and a beta of 0.86.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, October 22nd. The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. HealthStream had a return on equity of 4.00% and a net margin of 14.23%. The firm had revenue of $59.93 million during the quarter, compared to analyst estimates of $58.22 million. During the same period in the previous year, the company earned $0.08 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts predict that HealthStream will post 0.39 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of HealthStream by 6.7% during the third quarter. BlackRock Inc. now owns 3,988,432 shares of the technology company’s stock worth $123,681,000 after buying an additional 248,872 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of HealthStream by 2.5% during the third quarter. Vanguard Group Inc. now owns 2,589,076 shares of the technology company’s stock worth $80,288,000 after buying an additional 63,817 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of HealthStream by 14.2% during the third quarter. Conestoga Capital Advisors LLC now owns 1,773,237 shares of the technology company’s stock worth $54,988,000 after buying an additional 220,863 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of HealthStream by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,522,759 shares of the technology company’s stock worth $47,220,000 after buying an additional 14,617 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in shares of HealthStream by 25.2% during the third quarter. Panagora Asset Management Inc. now owns 343,072 shares of the technology company’s stock worth $10,639,000 after buying an additional 69,006 shares during the last quarter. Institutional investors own 73.46% of the company’s stock.

About HealthStream

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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