HealthStream, Inc. (HSTM) Shares Up 0%
HealthStream, Inc. (NASDAQ:HSTM) shares shot up 0% during trading on Thursday . The company traded as high as $24.53 and last traded at $24.50. 143,435 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 174,274 shares. The stock had previously closed at $24.50.
A number of brokerages recently commented on HSTM. Robert W. Baird restated an “outperform” rating and issued a $35.00 target price on shares of HealthStream in a research note on Tuesday, June 27th. Zacks Investment Research lowered HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine lowered HealthStream from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Canaccord Genuity restated a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research note on Thursday, July 27th. Finally, Needham & Company LLC cut their target price on HealthStream from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. HealthStream currently has an average rating of “Hold” and a consensus target price of $25.17.
The stock has a 50-day moving average of $23.50 and a 200-day moving average of $25.46. The company has a market capitalization of $780.89 million, a PE ratio of 176.19 and a beta of 0.98.
HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The firm had revenue of $61.48 million during the quarter, compared to analysts’ expectations of $61.36 million. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS. Equities research analysts anticipate that HealthStream, Inc. will post $0.22 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue raised its holdings in HealthStream by 79.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock valued at $132,000 after acquiring an additional 2,230 shares in the last quarter. Mason Street Advisors LLC raised its holdings in HealthStream by 7.1% in the 1st quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock valued at $144,000 after acquiring an additional 395 shares in the last quarter. Bank of Montreal Can raised its holdings in HealthStream by 1.1% in the 2nd quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock valued at $151,000 after acquiring an additional 65 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in HealthStream by 5.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock valued at $158,000 after acquiring an additional 290 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in HealthStream in the 2nd quarter valued at $205,000. 75.87% of the stock is owned by hedge funds and other institutional investors.
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HealthStream Company Profile
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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