HealthStream Inc. (NASDAQ:HSTM)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a report issued on Sunday. They currently have a $32.00 price target on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 22.63% from the company’s current price.
Several other equities research analysts have also recently weighed in on the company. Barrington Research started coverage on HealthStream in a report on Wednesday, June 29th. They issued an “outperform” rating and a $30.00 price objective for the company. FBR & Co reiterated a “buy” rating on shares of HealthStream in a report on Wednesday, August 10th. Zacks Investment Research cut HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. First Analysis cut HealthStream from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $30.00 to $27.00 in a report on Wednesday, July 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price objective (up previously from $26.00) on shares of HealthStream in a report on Friday, June 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $28.14.
HealthStream (NASDAQ:HSTM) opened at 26.095 on Friday. The firm has a 50-day moving average price of $25.18 and a 200-day moving average price of $23.73. HealthStream has a 52 week low of $17.80 and a 52 week high of $28.16. The company has a market cap of $828.23 million, a P/E ratio of 118.077 and a beta of 1.14.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 25th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.05. HealthStream had a return on equity of 3.81% and a net margin of 3.35%. The business earned $54.80 million during the quarter, compared to analysts’ expectations of $56.80 million. During the same quarter last year, the business posted $0.05 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that HealthStream will post $0.29 EPS for the current fiscal year.
In other HealthStream news, Director Tate Deborah Taylor sold 1,500 shares of HealthStream stock in a transaction on Monday, August 15th. The stock was sold at an average price of $24.28, for a total transaction of $36,420.00. Following the completion of the transaction, the director now owns 12,188 shares in the company, valued at $295,924.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.10% of the stock is owned by insiders.
Other hedge funds and institutional investors recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of HealthStream by 127.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,676 shares of the company’s stock worth $204,000 after buying an additional 4,297 shares during the last quarter. Arizona State Retirement System boosted its position in shares of HealthStream by 4.2% in the first quarter. Arizona State Retirement System now owns 12,464 shares of the company’s stock worth $275,000 after buying an additional 500 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of HealthStream by 14.3% in the second quarter. Capstone Asset Management Co. now owns 11,043 shares of the company’s stock worth $293,000 after buying an additional 1,380 shares during the last quarter. Bank of Montreal Can bought a new position in shares of HealthStream during the second quarter worth about $300,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of HealthStream by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 21,412 shares of the company’s stock worth $473,000 after buying an additional 793 shares during the last quarter. Institutional investors and hedge funds own 71.88% of the company’s stock.
HealthStream Company Profile
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.