HealthStream (NASDAQ:HSTM) Reaches New 12-Month High - Still a Buy?

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $33.78 and last traded at $32.95, with a volume of 7570 shares traded. The stock had previously closed at $33.39.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Barclays increased their price target on HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. JMP Securities reissued a "market perform" rating on shares of HealthStream in a research note on Thursday. Finally, Craig Hallum raised HealthStream to a "strong-buy" rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

HealthStream Trading Up 1.0 %

The company has a market cap of $1.02 billion, a price-to-earnings ratio of 51.54, a P/E/G ratio of 4.30 and a beta of 0.39. The business has a 50-day moving average price of $32.19 and a 200 day moving average price of $30.38.

Institutional Investors Weigh In On HealthStream

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