HealthStream, Inc. (NASDAQ:HSTM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

HealthStream, Inc. (NASDAQ:HSTM) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $32.00.

A number of research analysts have recently weighed in on HSTM shares. Canaccord Genuity Group increased their target price on shares of HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. William Blair reissued an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, JMP Securities reissued a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in HealthStream in the 3rd quarter worth approximately $27,000. New Age Alpha Advisors LLC purchased a new stake in HealthStream in the 4th quarter worth approximately $80,000. Meeder Asset Management Inc. purchased a new stake in HealthStream in the 4th quarter worth approximately $114,000. Bessemer Group Inc. lifted its stake in HealthStream by 1,074.6% in the 4th quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company’s stock worth $119,000 after purchasing an additional 3,428 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in HealthStream in the 4th quarter worth approximately $183,000. 69.58% of the stock is owned by institutional investors.

HealthStream Stock Performance

NASDAQ:HSTM opened at $32.83 on Monday. The firm has a market cap of $999.15 million, a price-to-earnings ratio of 50.51, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. HealthStream has a 52 week low of $23.92 and a 52 week high of $34.24. The firm has a 50-day moving average price of $32.67 and a two-hundred day moving average price of $31.07.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The firm had revenue of $74.24 million during the quarter, compared to analyst estimates of $73.55 million. During the same quarter last year, the business posted $0.14 EPS. As a group, sell-side analysts forecast that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.031 dividend. The ex-dividend date is Monday, March 10th. This is an increase from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.38%. HealthStream’s dividend payout ratio (DPR) is 18.18%.

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.