Zacks Investment Research upgraded shares of HealthStream, Inc. (NASDAQ:HSTM) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning. They currently have $27.00 price objective on the technology company’s stock.
According to Zacks, “HealthStream, Inc. (HealthStream) provides Internet-based learning and research solutions for healthcare organizations. The Company’s learning products are used by healthcare organizations to meet a range of their training, certification, and development needs, while its research products provide the customers information about patients’ experiences, workforce engagement, physician relations, and community perceptions of their services. HealthStream’s products and services are organized into two segments: HealthStream Learning and HealthStream Research. It’s offers EchoCredentialing, a platform that manages medical staff credentialing and privileging processes; EchoOneApp, an enrollment platform; EchoAccess, a platform that supports hospital call centers; EchoAnalytics, which offers a range of validation tools; and EchoOnboarding, an onboarding dashboard with a workflow functionality and onboarding navigator tools. “
Other research analysts have also issued research reports about the stock. Needham & Company LLC restated a hold rating and set a $26.00 price target on shares of HealthStream in a research note on Tuesday, October 24th. Canaccord Genuity restated a hold rating and set a $25.00 price target on shares of HealthStream in a research note on Monday, October 23rd. First Analysis upgraded shares of HealthStream from an underweight rating to an equal weight rating and set a $19.00 price target on the stock in a research note on Wednesday, July 26th. Robert W. Baird dropped their price target on shares of HealthStream from $30.00 to $28.00 and set an outperform rating on the stock in a research note on Wednesday. Finally, Cantor Fitzgerald restated a neutral rating and set a $24.00 price target (down previously from $28.00) on shares of HealthStream in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. HealthStream presently has a consensus rating of Hold and an average price target of $25.14.
HealthStream (NASDAQ:HSTM) traded up 0.60% during trading on Wednesday, hitting $23.29. 180,732 shares of the company traded hands. HealthStream has a one year low of $20.60 and a one year high of $31.53. The firm has a market cap of $742.65 million, a P/E ratio of 129.39 and a beta of 0.98. The firm has a 50 day moving average of $23.60 and a 200 day moving average of $25.44.
HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, October 23rd. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. The company had revenue of $63.60 million for the quarter, compared to analyst estimates of $62.48 million. During the same quarter in the prior year, the business posted $0.04 EPS. HealthStream’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts expect that HealthStream will post $0.23 earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its stake 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 buying an additional 2,230 shares during the last quarter. Mason Street Advisors LLC grew its stake 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 buying an additional 395 shares during the last quarter. Bank of Montreal Can grew its stake 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 buying an additional 65 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake 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 buying an additional 290 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in HealthStream in the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 75.89% of the company’s stock.
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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