HealthStream, Inc. (NASDAQ:HSTM) Receives $31.50 Average Target Price from Analysts

Shares of HealthStream, Inc. (NASDAQ:HSTM) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $31.50.

Several research firms recently weighed in on HSTM. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Canaccord Genuity Group lifted their price objective on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Barclays upped their target price on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th.

Insider Activity at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the stock in a transaction on 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 in the company, valued at $636,960.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.60% of the stock is owned by insiders.

Institutional Trading of HealthStream

Large investors have recently added to or reduced their stakes in the company. Wakefield Asset Management LLLP acquired a new position in shares of HealthStream in the 1st quarter worth approximately $909,000. Vanguard Group Inc. grew its holdings in HealthStream by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after acquiring an additional 31,943 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in HealthStream by 1.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock worth $2,134,000 after acquiring an additional 1,131 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in HealthStream in the 2nd quarter valued at about $626,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of HealthStream by 58.6% in the second quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock worth $4,096,000 after acquiring an additional 54,227 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

HealthStream Stock Up 1.3 %

Shares of NASDAQ HSTM opened at $31.80 on Friday. HealthStream has a 12 month low of $23.92 and a 12 month high of $31.96. The company has a market cap of $967.36 million, a P/E ratio of 48.92, a P/E/G ratio of 3.88 and a beta of 0.35. The business’s 50 day moving average is $28.94 and its two-hundred day moving average is $28.23.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The business had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. HealthStream’s revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that HealthStream will post 0.63 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be issued a $0.028 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.35%. HealthStream’s payout ratio is presently 16.92%.

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.