HealthStream (NASDAQ:HSTM) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of HealthStream (NASDAQ:HSTMGet Rating) from a buy rating to a strong-buy rating in a report published on Tuesday.

Separately, Canaccord Genuity Group decreased their target price on HealthStream from $29.00 to $22.00 in a research report on Wednesday, February 23rd.

Shares of NASDAQ:HSTM opened at $20.91 on Tuesday. HealthStream has a 52-week low of $18.51 and a 52-week high of $31.11. The company has a market cap of $635.50 million, a P/E ratio of 99.57, a P/E/G ratio of 7.31 and a beta of 0.46. The stock’s 50-day moving average is $19.76 and its 200-day moving average is $21.86.

HealthStream (NASDAQ:HSTMGet Rating) last released its earnings results on Monday, April 25th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. HealthStream had a return on equity of 2.48% and a net margin of 2.49%. The business had revenue of $65.40 million for the quarter, compared to the consensus estimate of $65.79 million. During the same period last year, the business earned $0.07 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that HealthStream will post 0.27 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its holdings in HealthStream by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 42,735 shares of the technology company’s stock valued at $1,126,000 after purchasing an additional 727 shares in the last quarter. Captrust Financial Advisors boosted its holdings in HealthStream by 30.1% during the first quarter. Captrust Financial Advisors now owns 4,344 shares of the technology company’s stock valued at $87,000 after purchasing an additional 1,005 shares in the last quarter. Summit Global Investments boosted its holdings in HealthStream by 2.5% during the fourth quarter. Summit Global Investments now owns 45,700 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 1,100 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of HealthStream by 17.9% in the first quarter. State of Tennessee Treasury Department now owns 9,566 shares of the technology company’s stock valued at $191,000 after acquiring an additional 1,450 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of HealthStream by 7.0% in the first quarter. Citigroup Inc. now owns 22,973 shares of the technology company’s stock valued at $458,000 after acquiring an additional 1,510 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors.

HealthStream Company Profile (Get Rating)

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation and account management services.

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