According to Zacks, “Healthstream Inc. is pioneering a Web-based solution to meet the training and education needs of the healthcare industry utilizing our proprietary system. Through strategic relationships with medical institutions and commercial organizations, the company has amassed hours of training and education courses. The company distributes hours of these courses online to allied healthcare professionals, nurses, doctors and other healthcare workers. “
A number of other research firms have also weighed in on HSTM. Canaccord Genuity reiterated a buy rating and issued a $32.00 price objective on shares of HealthStream in a research note on Sunday, September 11th. Cantor Fitzgerald began coverage on shares of HealthStream in a research note on Thursday, January 5th. They issued a neutral rating and a $27.00 price objective on the stock. Robert W. Baird upgraded shares of HealthStream from a neutral rating to an outperform rating and increased their price objective for the stock from $26.00 to $31.00 in a research note on Friday, December 2nd. Craig Hallum lowered shares of HealthStream from a buy rating to a hold rating and cut their price objective for the stock from $35.00 to $27.00 in a research note on Friday, November 4th. Finally, Needham & Company LLC reiterated a buy rating and issued a $28.00 price objective (down previously from $32.00) on shares of HealthStream in a research note on Sunday, November 6th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. HealthStream has a consensus rating of Hold and an average target price of $27.00.
Shares of HealthStream (NASDAQ:HSTM) traded down 1.19% during mid-day trading on Friday, reaching $24.08. 21,912 shares of the company’s stock traded hands. The company’s 50 day moving average is $25.29 and its 200 day moving average is $25.76. The company has a market cap of $764.28 million, a P/E ratio of 133.04 and a beta of 1.18. HealthStream has a 12-month low of $17.80 and a 12-month high of $28.84.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. The business earned $58.40 million during the quarter, compared to analyst estimates of $58.70 million. HealthStream had a return on equity of 3.13% and a net margin of 2.63%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. On average, analysts predict that HealthStream will post $0.21 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of HSTM. Consonance Capital Management LP acquired a new position in HealthStream during the third quarter valued at $9,407,000. Bamco Inc. NY acquired a new position in HealthStream during the third quarter valued at $5,665,000. FIL Ltd acquired a new position in HealthStream during the second quarter valued at $4,637,000. BlackRock Fund Advisors increased its position in HealthStream by 8.2% in the third quarter. BlackRock Fund Advisors now owns 1,910,247 shares of the company’s stock valued at $52,723,000 after buying an additional 144,773 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its position in HealthStream by 163.1% in the second quarter. Loomis Sayles & Co. L P now owns 205,914 shares of the company’s stock valued at $5,461,000 after buying an additional 127,646 shares in the last quarter. 72.85% of the stock is currently owned by hedge funds and other institutional investors.
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.
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