Shares of HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) have been given an average rating of "Moderate Buy" by the five brokerages that are covering the company, Marketbeat reports. Two 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 brokers that have issued ratings on the stock in the last year is $31.50.
A number of equities research analysts recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. Barclays increased their target price on HealthStream from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Craig Hallum upgraded HealthStream to a "strong-buy" rating in a research note on Thursday, October 17th.
View Our Latest Report on HSTM
Insider Buying and Selling at HealthStream
In related news, Director Tate Deborah Taylor sold 1,400 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the sale, the director now directly owns 22,326 shares in the company, valued at $636,960.78. The trade was a 5.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On HealthStream
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in HealthStream during the 3rd quarter worth about $27,000. GAMMA Investing LLC boosted its holdings in HealthStream by 172.1% in the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company's stock worth $28,000 after acquiring an additional 630 shares during the period. Point72 DIFC Ltd purchased a new position in HealthStream in the 2nd quarter valued at about $38,000. Copeland Capital Management LLC acquired a new stake in HealthStream during the 3rd quarter valued at approximately $63,000. Finally, CWM LLC increased its stake in shares of HealthStream by 405.4% in the second quarter. CWM LLC now owns 2,709 shares of the technology company's stock worth $76,000 after buying an additional 2,173 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.
HealthStream Stock Up 0.0 %
HSTM traded up $0.01 on Tuesday, hitting $32.54. 313,590 shares of the company traded hands, compared to its average volume of 117,126. The company has a 50 day moving average of $29.77 and a 200-day moving average of $28.74. HealthStream has a 12-month low of $23.92 and a 12-month high of $33.09. The stock has a market capitalization of $989.70 million, a PE ratio of 49.57, a PEG ratio of 4.28 and a beta of 0.35.
HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. On average, research analysts anticipate that HealthStream will post 0.63 EPS for the current year.
HealthStream Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a yield of 0.34%. HealthStream's payout ratio is 16.92%.
HealthStream Company Profile
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Get Free ReportHealthStream, 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.
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