HealthStream Inc. (NASDAQ:HSTM) Given Consensus Recommendation of “Buy” by Brokerages
HealthStream Inc. (NASDAQ:HSTM) has earned a consensus rating of “Buy” from the eight brokerages that are currently covering the firm. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.25.
A number of equities analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $32.00 target price (up from $26.00) on shares of HealthStream in a report on Friday, June 10th. Zacks Investment Research upgraded HealthStream from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. FBR & Co restated a “buy” rating and set a $27.00 target price on shares of HealthStream in a report on Sunday, July 3rd. Canaccord Genuity restated a “buy” rating and set a $32.00 target price on shares of HealthStream in a report on Sunday, September 11th. Finally, First Analysis cut HealthStream from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $30.00 to $27.00 in a report on Wednesday, July 27th.
In other news, Director Tate Deborah Taylor sold 1,500 shares of HealthStream stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $24.28, for a total value of $36,420.00. Following the completion of the transaction, the director now owns 12,188 shares in the company, valued at approximately $295,924.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.10% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in shares of HealthStream during the second quarter valued at $109,000. Royal Bank of Canada raised its stake in shares of HealthStream by 11.1% in the second quarter. Royal Bank of Canada now owns 4,581 shares of the company’s stock valued at $122,000 after buying an additional 456 shares during the period. Mason Street Advisors LLC acquired a new stake in shares of HealthStream during the second quarter valued at $127,000. BNP Paribas Arbitrage SA raised its stake in shares of HealthStream by 127.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the company’s stock valued at $204,000 after buying an additional 4,297 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of HealthStream during the second quarter valued at $204,000. Institutional investors and hedge funds own 71.85% of the company’s stock.
HealthStream (NASDAQ:HSTM) opened at 27.60 on Tuesday. HealthStream has a 12-month low of $17.80 and a 12-month high of $28.16. The stock’s 50 day moving average is $26.03 and its 200 day moving average is $24.32. The firm has a market cap of $876.00 million, a P/E ratio of 124.89 and a beta of 1.14.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $54.80 million for the quarter, compared to analyst estimates of $56.80 million. HealthStream had a return on equity of 3.81% and a net margin of 3.35%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 earnings per share. On average, equities research analysts expect that HealthStream will post $0.29 EPS for the current year.
HealthStream Company Profile
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.
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