HealthStream’s (HSTM) “Buy” Rating Reaffirmed at Robert W. Baird
Robert W. Baird reaffirmed their buy rating on shares of HealthStream, Inc. (NASDAQ:HSTM) in a research note published on Thursday morning. The firm currently has a $30.00 price objective on the technology company’s stock.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded HealthStream from a hold rating to a buy rating and set a $29.00 price objective for the company in a report on Tuesday, June 27th. Needham & Company LLC decreased their price objective on HealthStream from $32.00 to $26.00 and set a buy rating for the company in a report on Wednesday, July 26th. First Analysis upgraded HealthStream from an underweight rating to an equal weight rating and set a $19.00 price objective for the company in a report on Wednesday, July 26th. Canaccord Genuity restated a hold rating and issued a $25.00 price objective on shares of HealthStream in a report on Thursday, July 27th. Finally, Cantor Fitzgerald restated a neutral rating and issued a $24.00 price objective (down from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. HealthStream has a consensus rating of Hold and a consensus price target of $25.71.
Shares of HealthStream (HSTM) traded up 0.617% on Thursday, reaching $23.635. 23,102 shares of the company’s stock traded hands. The stock has a 50-day moving average of $23.63 and a 200 day moving average of $25.38. HealthStream has a 12-month low of $20.60 and a 12-month high of $31.53. The firm has a market cap of $753.63 million, a P/E ratio of 170.036 and a beta of 0.98.
HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The business had revenue of $61.48 million during the quarter, compared to the consensus estimate of $61.36 million. During the same period last year, the company earned $0.04 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts expect that HealthStream will post $0.22 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of HSTM. DF Dent & Co. Inc. bought a new position in HealthStream during the second quarter valued at about $423,000. The Manufacturers Life Insurance Company raised its position in HealthStream by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,433 shares of the technology company’s stock valued at $538,000 after buying an additional 158 shares during the period. State Street Corp raised its position in HealthStream by 4.4% in the second quarter. State Street Corp now owns 616,851 shares of the technology company’s stock valued at $16,239,000 after buying an additional 25,912 shares during the period. Janus Henderson Group PLC bought a new position in HealthStream during the second quarter valued at about $23,186,000. Finally, Voya Investment Management LLC raised its position in HealthStream by 11.7% in the second quarter. Voya Investment Management LLC now owns 12,500 shares of the technology company’s stock valued at $329,000 after buying an additional 1,307 shares during the period. Institutional investors own 75.87% of the company’s stock.
HealthStream Company Profile
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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