HealthStream, Inc. (NASDAQ:HSTM) Receives $31.00 Consensus PT from Analysts

HealthStream, Inc. (NASDAQ:HSTM) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $31.00.

HSTM has been the topic of several analyst reports. Barrington Research restated a “market perform” rating on shares of HealthStream in a research note on Wednesday, July 28th. Craig Hallum increased their price target on shares of HealthStream from $30.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Finally, Zacks Investment Research raised shares of HealthStream from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a report on Thursday, July 29th.

HealthStream stock opened at $28.73 on Friday. The firm’s 50 day moving average price is $29.42 and its two-hundred day moving average price is $26.36. HealthStream has a twelve month low of $17.95 and a twelve month high of $31.11. The firm has a market cap of $906.55 million, a PE ratio of 110.50, a P/E/G ratio of 18.82 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Sunday, July 25th. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.12. HealthStream had a net margin of 3.30% and a return on equity of 2.46%. The company had revenue of $64.82 million for the quarter, compared to analyst estimates of $61.86 million. Research analysts expect that HealthStream will post 0.13 EPS for the current fiscal year.

In other news, Director Tate Deborah Taylor sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $30.35, for a total transaction of $30,350.00. Following the completion of the transaction, the director now directly owns 20,378 shares of the company’s stock, valued at approximately $618,472.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.60% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in HealthStream by 4.1% in the 1st quarter. BlackRock Inc. now owns 4,365,602 shares of the technology company’s stock valued at $97,528,000 after acquiring an additional 172,034 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HealthStream by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,425,144 shares of the technology company’s stock valued at $39,818,000 after purchasing an additional 9,739 shares during the last quarter. State Street Corp boosted its stake in shares of HealthStream by 2.0% in the 2nd quarter. State Street Corp now owns 970,692 shares of the technology company’s stock valued at $27,121,000 after purchasing an additional 19,325 shares during the last quarter. Northern Trust Corp boosted its stake in shares of HealthStream by 28.1% in the 2nd quarter. Northern Trust Corp now owns 614,946 shares of the technology company’s stock valued at $17,182,000 after purchasing an additional 134,828 shares during the last quarter. Finally, Granite Investment Partners LLC boosted its stake in shares of HealthStream by 3.7% in the 2nd quarter. Granite Investment Partners LLC now owns 598,331 shares of the technology company’s stock valued at $16,717,000 after purchasing an additional 21,133 shares during the last quarter. Institutional investors and hedge funds own 72.93% of the company’s stock.

About HealthStream

HealthStream, Inc engages in the provision of services to healthcare organizations. It operates through the following segments: Workforce Solutions and Provider Solutions. The Workforce Solutions segment offers training, certification, assessment, development, and scheduling needs of the healthcare workforce.

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Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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