HealthStream, Inc. (NASDAQ:HSTM) Receives Consensus Rating of “Moderate Buy” from Analysts

HealthStream, Inc. (NASDAQ:HSTM) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $32.00.

HSTM has been the topic of several research reports. JMP Securities restated a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Canaccord Genuity Group boosted their target price on shares of HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, William Blair restated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th.

HealthStream Price Performance

Shares of HealthStream stock opened at $33.28 on Tuesday. The company’s 50 day moving average price is $32.19 and its two-hundred day moving average price is $31.84. The firm has a market capitalization of $1.02 billion, a P/E ratio of 51.20, a P/E/G ratio of 4.37 and a beta of 0.42. HealthStream has a fifty-two week low of $25.52 and a fifty-two week high of $34.24.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $74.24 million during the quarter, compared to analysts’ expectations of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period in the prior year, the company earned $0.14 EPS. On average, analysts expect that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.031 dividend. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Monday, March 10th. HealthStream’s payout ratio is currently 18.18%.

Institutional Trading of HealthStream

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock valued at $97,151,000 after purchasing an additional 92,067 shares during the last quarter. State Street Corp boosted its position in HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock valued at $28,097,000 after acquiring an additional 11,976 shares during the last quarter. Copeland Capital Management LLC boosted its position in HealthStream by 101.3% during the first quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company’s stock valued at $24,576,000 after acquiring an additional 384,384 shares during the last quarter. Geode Capital Management LLC grew its holdings in HealthStream by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company’s stock worth $22,082,000 after acquiring an additional 19,510 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in shares of HealthStream by 2.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company’s stock worth $13,670,000 after acquiring an additional 10,003 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.