Streamline Health Solutions Inc. (STRM) Upgraded to Strong-Buy at Zacks Investment Research
Streamline Health Solutions Inc. (NASDAQ:STRM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday. The brokerage presently has a $2.00 target price on the stock. Zacks Investment Research’s price objective indicates a potential upside of 11.88% from the company’s current price.
According to Zacks, “Streamline Health Solutions, Inc. is a leading supplier of workflow and document management tools, applications and services that assist strategic business partners and healthcare organizations to improve operational efficiencies through business process optimization. The Company provides integrated tools and technologies for automating document-intensive environments, including document workflow, document management, e-forms, portal connectivity, optical character recognition and interoperability. The Company’s workflow-based services offer solutions to inefficient and labor-intensive healthcare business processes throughout the revenue cycle, such as chart coding, abstracting and completion, remote physician order processing, pre-admission registration scanning and signature capture, insurance verification, secondary billing services, explanation of benefits processing and release of information processing. “
Shares of Streamline Health Solutions (NASDAQ:STRM) opened at 1.7877 on Thursday. The company’s market cap is $35.38 million. Streamline Health Solutions has a 12-month low of $1.08 and a 12-month high of $2.11. The company’s 50-day moving average price is $1.84 and its 200 day moving average price is $1.49.
Streamline Health Solutions (NASDAQ:STRM) last issued its quarterly earnings results on Wednesday, September 7th. The company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.02. Streamline Health Solutions had a negative return on equity of 26.31% and a negative net margin of 14.77%. The firm earned $7.40 million during the quarter, compared to the consensus estimate of $7.02 million. Equities analysts predict that Streamline Health Solutions will post ($0.31) earnings per share for the current year.
In other Streamline Health Solutions news, SVP Shaun Linwood Priest purchased 23,400 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was purchased at an average cost of $1.66 per share, for a total transaction of $38,844.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 12.60% of the company’s stock.
A hedge fund recently raised its stake in Streamline Health Solutions stock. First Light Asset Management LLC raised its position in Streamline Health Solutions Inc. (NASDAQ:STRM) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,792,041 shares of the company’s stock after buying an additional 35,653 shares during the period. First Light Asset Management LLC owned 9.43% of Streamline Health Solutions worth $2,150,000 as of its most recent filing with the SEC. 43.60% of the stock is currently owned by hedge funds and other institutional investors.
About Streamline Health Solutions
Streamline Health Solutions, Inc is engaged in providing healthcare information technology through the licensing of its Electronic Health Information Management, Patient Financial, Coding and Clinical Documentation Improvement (CDI), and other Workflow software applications, and the use of such applications by software as a service.
Receive News & Stock Ratings for Streamline Health Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Streamline Health Solutions Inc. and related stocks with our FREE daily email newsletter.