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

Shares of HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $31.50.

HSTM has been the subject of a number of research analyst reports. Craig Hallum upgraded HealthStream to a "strong-buy" rating in a research report on Thursday, October 17th. JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a research note on Thursday. Canaccord Genuity Group lifted their target price on HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. Finally, Barclays upped their price target on shares of HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd.

Hedge Funds Weigh In On HealthStream

A number of hedge funds have recently modified their holdings of HSTM. Quarry LP purchased a new stake in shares of HealthStream during the third quarter valued at $27,000. GAMMA Investing LLC raised its holdings in HealthStream by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company's stock worth $39,000 after buying an additional 359 shares during the period. Copeland Capital Management LLC purchased a new stake in HealthStream during the third quarter valued at about $63,000. CWM LLC boosted its holdings in shares of HealthStream by 64.2% in the third quarter. CWM LLC now owns 4,448 shares of the technology company's stock worth $128,000 after buying an additional 1,739 shares during the period. Finally, Vestcor Inc increased its position in shares of HealthStream by 35.1% in the third quarter. Vestcor Inc now owns 7,494 shares of the technology company's stock worth $216,000 after acquiring an additional 1,946 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Stock Performance

Shares of NASDAQ:HSTM traded up $0.32 during trading on Thursday, reaching $33.50. The company had a trading volume of 213,885 shares, compared to its average volume of 112,120. The firm's fifty day moving average is $32.19 and its 200 day moving average is $30.38. The firm has a market capitalization of $1.02 billion, a PE ratio of 51.54, a price-to-earnings-growth ratio of 4.30 and a beta of 0.39. HealthStream has a twelve month low of $23.92 and a twelve month high of $33.78.

About HealthStream

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.