HealthStream, Inc. (NASDAQ:HSTM)‘s stock had its “hold” rating reaffirmed by analysts at Needham & Company LLC in a report issued on Tuesday. They currently have a $26.00 price target on the technology company’s stock. Needham & Company LLC’s price target points to a potential upside of 8.97% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Robert W. Baird restated an “outperform” rating and set a $35.00 target price on shares of HealthStream in a report on Tuesday, June 27th. Zacks Investment Research cut HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine cut HealthStream from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Cantor Fitzgerald restated a “neutral” rating and set a $24.00 target price (down from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. Finally, First Analysis upgraded HealthStream from an “underweight” rating to an “equal weight” rating and set a $19.00 target price on the stock in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. HealthStream presently has an average rating of “Hold” and an average price target of $25.17.

Shares of HealthStream (HSTM) opened at 23.86 on Tuesday. The firm’s 50-day moving average price is $23.67 and its 200-day moving average price is $25.48. HealthStream has a 12 month low of $20.60 and a 12 month high of $31.53. The stock has a market capitalization of $760.80 million, a P/E ratio of 171.65 and a beta of 0.98.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The business had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $62.48 million. HealthStream had a return on equity of 2.47% and a net margin of 2.36%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. On average, equities research analysts forecast that HealthStream will post $0.22 EPS for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its holdings in HealthStream by 0.4% in the first quarter. PNC Financial Services Group Inc. now owns 8,645 shares of the technology company’s stock valued at $210,000 after acquiring an additional 31 shares during the last quarter. Bank of Montreal Can lifted its holdings in HealthStream by 1.1% in the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock valued at $151,000 after acquiring an additional 65 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in HealthStream by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,433 shares of the technology company’s stock valued at $538,000 after acquiring an additional 158 shares during the last quarter. Arizona State Retirement System lifted its holdings in HealthStream by 1.5% in the first quarter. Arizona State Retirement System now owns 13,264 shares of the technology company’s stock valued at $321,000 after acquiring an additional 200 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in HealthStream by 1.0% in the second quarter. Wells Fargo & Company MN now owns 21,781 shares of the technology company’s stock valued at $573,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

HealthStream Company Profile

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.

Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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