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

Shares of HealthStream, Inc. (NASDAQ:HSTM) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.50.

Several analysts have recently issued reports on the stock. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Barclays lifted their price objective on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased their target price on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

HealthStream Trading Up 0.2 %

Shares of HSTM stock opened at $33.10 on Tuesday. HealthStream has a 12-month low of $23.92 and a 12-month high of $33.52. The business’s 50 day moving average is $30.08 and its two-hundred day moving average is $28.88. The company has a market capitalization of $1.01 billion, a P/E ratio of 50.92, a P/E/G ratio of 4.39 and a beta of 0.35.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 EPS. On average, research analysts predict that HealthStream will post 0.63 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a yield of 0.34%. HealthStream’s payout ratio is presently 16.92%.

Institutional Trading of HealthStream

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of HealthStream by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after purchasing an additional 359 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in HealthStream by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock worth $270,000 after buying an additional 876 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in HealthStream by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock valued at $432,000 after buying an additional 918 shares in the last quarter. Quarry LP acquired a new stake in shares of HealthStream in the 3rd quarter worth $27,000. Finally, Ellsworth Advisors LLC raised its holdings in shares of HealthStream by 5.1% during the 3rd quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company’s stock worth $578,000 after acquiring an additional 972 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.