Zacks: Streamline Health Solutions Inc. (NASDAQ:STRM) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Streamline Health Solutions Inc. (NASDAQ:STRM) have been given an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Streamline Health Solutions’ rating score has declined by 19.8% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $5.00 for the company and are expecting that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also given Streamline Health Solutions an industry rank of 109 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Streamline Health Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th.
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Shares of Streamline Health Solutions (NASDAQ:STRM) traded up 1.06% during midday trading on Friday, reaching $1.91. 22,610 shares of the company traded hands. The company has a 50 day moving average price of $1.61 and a 200 day moving average price of $1.41. The company’s market capitalization is $37.80 million. Streamline Health Solutions has a 1-year low of $1.08 and a 1-year high of $2.32.
Streamline Health Solutions (NASDAQ:STRM) last issued its quarterly earnings results on Wednesday, September 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Streamline Health Solutions had a negative net margin of 14.77% and a negative return on equity of 26.31%. The business had revenue of $7.40 million for the quarter, compared to analyst estimates of $7.02 million. On average, analysts expect that Streamline Health Solutions will post ($0.31) earnings per share for the current year.
In other Streamline Health Solutions news, SVP Shaun Linwood Priest acquired 23,400 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were acquired at an average cost of $1.66 per share, with a total value of $38,844.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 12.60% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. First Light Asset Management LLC increased its stake in Streamline Health Solutions by 2.0% in the second quarter. First Light Asset Management LLC now owns 1,792,041 shares of the company’s stock valued at $2,150,000 after buying an additional 35,653 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Streamline Health Solutions during the second quarter valued at approximately $211,000. Finally, Renaissance Technologies LLC increased its stake in Streamline Health Solutions by 47.8% in the first quarter. Renaissance Technologies LLC now owns 116,200 shares of the company’s stock valued at $164,000 after buying an additional 37,583 shares during the period. 43.60% of the stock is currently owned by institutional investors and hedge funds.
About Streamline Health Solutions
Streamline Health Solutions, Inc is engaged in providing healthcare information technology through the licensing of its Electronic Health Information Management, Patient Financial, Coding and Clinical Documentation Improvement (CDI), and other Workflow software applications, and the use of such applications by software as a service.
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