HealthStream (NASDAQ:HSTM) Hits New 12-Month High - What's Next?

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $34.04 and last traded at $33.94, with a volume of 120499 shares. The stock had previously closed at $33.50.

Analyst Upgrades and Downgrades

HSTM has been the subject of a number of research analyst reports. Barclays upped their target price on shares of HealthStream from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group upped their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, HealthStream presently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream Stock Performance

The firm's 50-day simple moving average is $32.28 and its 200 day simple moving average is $30.53. The stock has a market capitalization of $1.03 billion, a P/E ratio of 52.23, a PEG ratio of 4.30 and a beta of 0.39.

Institutional Investors Weigh In On HealthStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock valued at $97,151,000 after purchasing an additional 92,067 shares during the period. State Street Corp raised its holdings in shares of HealthStream by 1.2% in the 3rd quarter. State Street Corp now owns 974,235 shares of the technology company's stock valued at $28,097,000 after purchasing an additional 11,976 shares during the period. Geode Capital Management LLC raised its holdings in shares of HealthStream by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company's stock valued at $22,082,000 after purchasing an additional 19,510 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of HealthStream by 3.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 414,787 shares of the technology company's stock valued at $13,190,000 after purchasing an additional 14,754 shares during the period. Finally, Copeland Capital Management LLC raised its holdings in shares of HealthStream by 17,363.4% in the 4th quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company's stock valued at $12,062,000 after purchasing an additional 377,134 shares during the period. 69.58% of the stock is owned by institutional investors.

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.