Barclays Raises HealthStream (NASDAQ:HSTM) Price Target to $34.00

HealthStream (NASDAQ:HSTM) had its price target hoisted by Barclays from $32.00 to $34.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts have also recently issued reports on HSTM. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group lifted their target price on shares of HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Trading Down 4.8 %

NASDAQ HSTM opened at $28.63 on Wednesday. The stock’s 50 day moving average is $28.70 and its two-hundred day moving average is $27.88. The company has a market capitalization of $870.29 million, a price-to-earnings ratio of 49.36, a PEG ratio of 4.25 and a beta of 0.36. HealthStream has a 1-year low of $22.84 and a 1-year high of $31.15.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. On average, analysts predict that HealthStream will post 0.56 earnings per share for the current year.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $0.028 dividend. This represents a $0.11 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Monday, November 4th. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Insider Buying and Selling

In related news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the sale, the director now owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by corporate insiders.

Institutional Trading of HealthStream

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new position in shares of HealthStream in the 4th quarter valued at $311,000. Diversified Trust Co acquired a new position in shares of HealthStream in the 1st quarter valued at $213,000. Allspring Global Investments Holdings LLC grew its holdings in shares of HealthStream by 82.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock valued at $910,000 after buying an additional 15,425 shares during the period. Wakefield Asset Management LLLP acquired a new position in shares of HealthStream in the 1st quarter valued at $909,000. Finally, Sei Investments Co. grew its holdings in shares of HealthStream by 2.3% in the 1st quarter. Sei Investments Co. now owns 171,427 shares of the technology company’s stock valued at $4,570,000 after buying an additional 3,926 shares during the period. Institutional investors own 69.58% of the company’s stock.

HealthStream Company Profile

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.