HealthStream, Inc. (HSTM) Sees Large Volume Increase
HealthStream, Inc. (NASDAQ:HSTM) shares saw an uptick in trading volume on Wednesday . 1,000,120 shares traded hands during trading, an increase of 525% from the previous session’s volume of 160,140 shares.The stock last traded at $24.50 and had previously closed at $23.33.
Several research firms have commented on HSTM. Needham & Company LLC lowered their price target on shares of HealthStream from $32.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. Canaccord Genuity reiterated a “hold” rating and set a $25.00 price target on shares of HealthStream in a report on Thursday, July 27th. Robert W. Baird reiterated a “buy” rating and set a $30.00 price target on shares of HealthStream in a report on Thursday, August 31st. First Analysis upgraded shares of HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 price target for the company in a report on Wednesday, July 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $24.00 price target (down previously from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.17.
The stock’s 50-day moving average is $23.55 and its 200 day moving average is $25.45. The company has a market capitalization of $773.55 million, a price-to-earnings ratio of 174.53 and a beta of 0.98.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The business had revenue of $61.48 million during the quarter, compared to the consensus estimate of $61.36 million. During the same quarter last year, the company earned $0.04 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities analysts expect that HealthStream, Inc. will post $0.22 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. DF Dent & Co. Inc. acquired a new stake in shares of HealthStream during the second quarter worth approximately $423,000. The Manufacturers Life Insurance Company grew its position in shares of HealthStream by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 20,433 shares of the technology company’s stock worth $538,000 after buying an additional 158 shares in the last quarter. State Street Corp grew its position in shares of HealthStream by 4.4% during the second quarter. State Street Corp now owns 616,851 shares of the technology company’s stock worth $16,239,000 after buying an additional 25,912 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of HealthStream during the second quarter worth approximately $23,186,000. Finally, Voya Investment Management LLC grew its position in shares of HealthStream by 11.7% during the second quarter. Voya Investment Management LLC now owns 12,500 shares of the technology company’s stock worth $329,000 after buying an additional 1,307 shares in the last quarter. 75.87% of the stock is owned by institutional investors and hedge funds.
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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