JMP Securities Reiterates "Market Perform" Rating for HealthStream (NASDAQ:HSTM)

HealthStream (NASDAQ:HSTM - Get Free Report)'s stock had its "market perform" rating reissued by equities research analysts at JMP Securities in a research report issued on Thursday,Benzinga reports.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group raised their target price 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 shares of HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Craig Hallum raised HealthStream to a "strong-buy" rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, HealthStream currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

HealthStream Stock Performance

Shares of NASDAQ HSTM traded up $0.32 during mid-day trading on Thursday, reaching $33.50. The company had a trading volume of 213,885 shares, compared to its average volume of 112,120. HealthStream has a one year low of $23.92 and a one year high of $33.78. The business's 50-day simple moving average is $32.19 and its 200 day simple moving average is $30.38. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 4.30 and a beta of 0.39.

Institutional Trading of HealthStream

A number of large investors have recently modified their holdings of HSTM. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 359 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of HealthStream by 0.6% during the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company's stock worth $2,368,000 after acquiring an additional 412 shares during the period. Sanctuary Advisors LLC grew its stake in HealthStream by 4.8% in the fourth quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company's stock worth $507,000 after purchasing an additional 708 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of HealthStream by 10.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company's stock worth $270,000 after acquiring an additional 876 shares in the last quarter. Finally, Quarry LP bought a new position in shares of HealthStream during the third quarter valued at approximately $27,000. Institutional investors own 69.58% of the company's stock.

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.