Cantor Fitzgerald restated their hold rating on shares of HealthStream (NASDAQ:HSTM) in a research note released on Monday morning. The firm currently has 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 wrote.
A number of other research firms have also recently weighed in on HSTM. ValuEngine cut HealthStream from a hold rating to a sell rating in a report on Monday, February 5th. Robert W. Baird lowered their price target on HealthStream from $30.00 to $28.00 and set an outperform rating for the company in a report on Wednesday, October 25th. Zacks Investment Research upgraded HealthStream from a hold rating to a strong-buy rating and set a $27.00 price target for the company in a report on Wednesday, October 25th. Canaccord Genuity reissued a hold rating and set a $25.00 target price on shares of HealthStream in a research note on Monday, October 23rd. Finally, BidaskClub lowered HealthStream from a hold rating to a sell rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $24.83.
Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Asset Management Americas Inc. acquired a new position in HealthStream during the 2nd quarter worth about $205,000. Teacher Retirement System of Texas acquired a new position in HealthStream during the 4th quarter worth about $215,000. Municipal Employees Retirement System of Michigan lifted 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 position in HealthStream during the 3rd quarter worth about $237,000. Finally, Virginia Retirement Systems ET AL acquired a new position in HealthStream during the 3rd quarter worth about $264,000. 73.99% of the stock is currently 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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