HealthStream, Inc. (NASDAQ:HSTM) Receives $30.00 Consensus Target Price from Analysts

Shares of HealthStream, Inc. (NASDAQ:HSTM) have earned an average rating of “Moderate Buy” from the four research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.00.

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their price objective on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com lowered HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th.

HealthStream Price Performance

Shares of HSTM opened at $28.81 on Thursday. The firm has a market capitalization of $875.77 million, a P/E ratio of 49.67, a PEG ratio of 4.13 and a beta of 0.36. HealthStream has a one year low of $21.08 and a one year high of $31.15. The business has a fifty day moving average of $28.71 and a 200 day moving average of $27.39.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. HealthStream’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Analysts expect that HealthStream will post 0.56 EPS for the current fiscal year.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were given a $0.028 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.11 dividend on an annualized basis and a yield of 0.39%. HealthStream’s payout ratio is currently 18.97%.

Insider Transactions at HealthStream

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

Hedge Funds Weigh In On HealthStream

A number of large investors have recently bought and sold shares of HSTM. GAMMA Investing LLC raised its position in HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after acquiring an additional 630 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of HealthStream by 79.4% in the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after purchasing an additional 501 shares during the period. Point72 DIFC Ltd purchased a new stake in HealthStream during the second quarter worth about $38,000. CWM LLC grew its position in HealthStream by 405.4% during 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 period. Finally, XTX Topco Ltd purchased a new position in HealthStream in the second quarter valued at about $214,000. Hedge funds and other 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.