HealthStream, Inc. (NASDAQ:HSTM) Receives $31.50 Average Target Price from Analysts

Shares of HealthStream, Inc. (NASDAQ:HSTM) have earned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $31.50.

A number of analysts have recently weighed in on HSTM shares. Canaccord Genuity Group raised their price target on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays upped their target price on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.

HealthStream Price Performance

NASDAQ:HSTM opened at $33.16 on Tuesday. The firm has a 50-day moving average of $30.17 and a two-hundred day moving average of $28.95. The stock has a market cap of $1.01 billion, a P/E ratio of 51.02, a PEG ratio of 4.40 and a beta of 0.35. HealthStream has a 1-year low of $23.92 and a 1-year high of $33.52.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. HealthStream’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities analysts expect that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 annualized dividend and a yield of 0.34%. HealthStream’s payout ratio is 16.92%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HSTM. GAMMA Investing LLC raised its stake in HealthStream by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after acquiring an additional 359 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of HealthStream by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock worth $270,000 after purchasing an additional 876 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in HealthStream by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock valued at $432,000 after purchasing an additional 918 shares during the period. Quarry LP bought a new position in HealthStream during the 3rd quarter worth $27,000. Finally, Ellsworth Advisors LLC increased its position in HealthStream by 5.1% in the third quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company’s stock worth $578,000 after buying an additional 972 shares during the period. 69.58% of the stock is currently owned by institutional investors.

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.