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

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.00.

Several equities analysts have issued reports on HSTM shares. JMP Securities reiterated a "market perform" rating on shares of HealthStream in a research report on Thursday, February 6th. Canaccord Genuity Group increased their price objective on HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a research 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 Trading Up 0.2 %

Shares of HSTM traded up $0.07 during mid-day trading on Tuesday, hitting $33.28. 133,719 shares of the company's stock were exchanged, compared to its average volume of 131,669. The business's 50 day moving average is $32.19 and its two-hundred day moving average is $31.86. 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 - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period last year, the company earned $0.14 earnings per share. On average, equities research analysts forecast that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.031 dividend. This is a positive change from HealthStream's previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 10th. This represents a $0.12 annualized dividend and a yield of 0.37%. HealthStream's dividend payout ratio is 18.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its holdings in HealthStream by 1.2% during the 3rd 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 in the last quarter. Barclays PLC increased its stake in shares of HealthStream by 145.0% during the 3rd quarter. Barclays PLC now owns 58,838 shares of the technology company's stock worth $1,697,000 after purchasing an additional 34,821 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of HealthStream by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company's stock worth $19,463,000 after purchasing an additional 18,779 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of HealthStream by 11.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,737 shares of the technology company's stock worth $425,000 after purchasing an additional 1,538 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in HealthStream by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,204 shares of the technology company's stock valued at $1,650,000 after buying an additional 9,017 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.