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.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/13/healthstream-inc-hstm-sees-large-volume-increase.html.

About HealthStream

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.

Receive News & Stock Ratings for HealthStream Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream Inc. and related stocks with our FREE daily email newsletter.