HealthStream, Inc. (HSTM) Given Average Recommendation of “Hold” by Brokerages

HealthStream, Inc. (NASDAQ:HSTM) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $24.00.

HSTM has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating and issued a $26.00 target price on shares of HealthStream in a report on Tuesday, October 24th. Zacks Investment Research upgraded HealthStream from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Wednesday, October 25th. ValuEngine upgraded HealthStream from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Canaccord Genuity restated a “hold” rating and set a $25.00 price target on shares of HealthStream in a report on Monday, October 23rd. Finally, Robert W. Baird cut their price target on HealthStream from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th.

HealthStream (NASDAQ HSTM) traded down $0.28 during mid-day trading on Friday, reaching $23.30. The company had a trading volume of 134,496 shares, compared to its average volume of 70,069. The firm has a market capitalization of $752.11, a P/E ratio of 129.45, a PEG ratio of 4.98 and a beta of 0.90. HealthStream has a fifty-two week low of $21.81 and a fifty-two week high of $31.53.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 23rd. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The firm had revenue of $63.60 million during the quarter, compared to the consensus estimate of $62.48 million. HealthStream had a return on equity of 2.46% and a net margin of 2.36%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. analysts predict that HealthStream will post 0.23 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSTM. Schwab Charles Investment Management Inc. raised its position in HealthStream by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 108,119 shares of the technology company’s stock valued at $2,846,000 after buying an additional 1,101 shares during the last quarter. Swiss National Bank raised its position in HealthStream by 9.5% in the 2nd quarter. Swiss National Bank now owns 45,000 shares of the technology company’s stock valued at $1,184,000 after buying an additional 3,900 shares during the last quarter. Wells Fargo & Company MN raised its position in HealthStream by 1.0% in the 2nd quarter. Wells Fargo & Company MN now owns 21,781 shares of the technology company’s stock valued at $573,000 after buying an additional 206 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in HealthStream by 1.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 79,922 shares of the technology company’s stock valued at $2,104,000 after buying an additional 769 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in HealthStream by 18.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 345,464 shares of the technology company’s stock valued at $9,093,000 after buying an additional 54,247 shares during the last quarter. 75.31% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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