HealthStream (HSTM) Receives “Hold” Rating from Cantor Fitzgerald
Cantor Fitzgerald reaffirmed their hold rating on shares of HealthStream (NASDAQ:HSTM) in a research note published on Monday morning. They currently have a $24.00 price objective on the technology company’s stock.
“On February 12, HSTM announced the sale of its patient experience business to Press Ganey Associates (private) for $65.5 million in cash. The patient experience business represented about 15% of total HSTM revenue.”,” the firm’s analyst commented.
Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of HealthStream from a hold rating to a sell rating in a research report on Wednesday, January 31st. Zacks Investment Research cut shares of HealthStream from a buy rating to a hold rating in a research report on Friday, November 10th. Needham & Company LLC reaffirmed a hold rating and set a $26.00 price objective on shares of HealthStream in a research report on Tuesday, October 24th. Canaccord Genuity reiterated a hold rating and set a $25.00 price target on shares of HealthStream in a research note on Monday, October 23rd. Finally, ValuEngine lowered shares of HealthStream from a hold rating to a sell rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $24.83.
The business also recently declared a special dividend, which will be paid on Tuesday, April 3rd. Investors of record on Tuesday, March 6th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 5th.
Large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. acquired a new stake in HealthStream during the 2nd quarter worth $205,000. Teacher Retirement System of Texas acquired a new stake in HealthStream during the 4th quarter worth $215,000. Municipal Employees Retirement System of Michigan raised its stake in HealthStream by 59.5% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 9,570 shares of the technology company’s stock worth $224,000 after acquiring an additional 3,570 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in HealthStream during the 3rd quarter worth $237,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in HealthStream during the 3rd quarter worth $264,000. Hedge funds and other institutional investors own 73.99% of the company’s stock.
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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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