Canaccord Genuity Group Raises HealthStream (NASDAQ:HSTM) Price Target to $27.00

HealthStream (NASDAQ:HSTM) had its price target increased by investment analysts at Canaccord Genuity Group from $24.00 to $27.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the technology company’s stock. Canaccord Genuity Group’s target price suggests a potential upside of 0.41% from the stock’s current price.

Several other research firms have also weighed in on HSTM. Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.00.

HealthStream Stock Performance

Shares of HSTM stock opened at $26.89 on Tuesday. HealthStream has a 1 year low of $19.50 and a 1 year high of $30.00. The business’s fifty day moving average is $26.18 and its 200-day moving average is $23.05. The stock has a market cap of $785.73 million, a PE ratio of 40.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $81.20 million during the quarter, compared to analyst estimates of $79.68 million. HealthStream had a return on equity of 6.47% and a net margin of 6.39%. Equities research analysts predict that HealthStream will post 0.74 earnings per share for the current year.

Insider Transactions at HealthStream

In other news, Director Linda Rebrovick sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $29.00, for a total transaction of $174,000.00. Following the sale, the director owned 51,329 shares in the company, valued at $1,488,541. The trade was a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $24.08, for a total transaction of $72,240.00. Following the completion of the sale, the executive vice president owned 20,982 shares of the company’s stock, valued at approximately $505,246.56. This trade represents a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,000 shares of company stock valued at $296,240 over the last ninety days. Insiders own 20.40% of the company’s stock.

Institutional Trading of HealthStream

A number of hedge funds have recently modified their holdings of the business. Danske Bank A S grew its holdings in shares of HealthStream by 175.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock valued at $25,000 after buying an additional 700 shares in the last quarter. Essential Partners LLC purchased a new stake in HealthStream in the 1st quarter worth about $25,000. MassMutual Private Wealth & Trust FSB boosted its position in HealthStream by 76.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock worth $28,000 after acquiring an additional 444 shares during the period. Hantz Financial Services Inc. grew its stake in HealthStream by 2,035.5% during the 4th quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,262 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in HealthStream during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.