HealthStream, Inc. (NASDAQ:HSTM) Receives Average Recommendation of “Moderate Buy” from Brokerages

HealthStream, Inc. (NASDAQ:HSTM) has earned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.50.

A number of analysts have recently issued reports on HSTM shares. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Barclays upped their price target on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group upped their price target on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

Insider Buying and Selling at HealthStream

In related news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the sale, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. This represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HealthStream

Several large investors have recently added to or reduced their stakes in HSTM. Russell Investments Group Ltd. increased its position in HealthStream by 13.8% in the first quarter. Russell Investments Group Ltd. now owns 23,897 shares of the technology company’s stock worth $637,000 after buying an additional 2,896 shares during the period. Vanguard Group Inc. increased its position in HealthStream by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after buying an additional 31,943 shares during the period. Price T Rowe Associates Inc. MD increased its position in HealthStream by 6.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company’s stock worth $432,000 after buying an additional 918 shares during the period. GAMMA Investing LLC increased its position in HealthStream by 172.1% in the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after buying an additional 630 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in HealthStream by 197.8% in the second quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock worth $4,628,000 after buying an additional 110,189 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.

HealthStream Stock Performance

Shares of NASDAQ:HSTM opened at $32.53 on Tuesday. HealthStream has a 1 year low of $23.92 and a 1 year high of $33.09. The stock has a market capitalization of $989.40 million, a P/E ratio of 50.05, a PEG ratio of 4.28 and a beta of 0.35. The stock has a 50-day simple moving average of $29.70 and a 200-day simple moving average of $28.70.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts predict that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Monday, November 4th. HealthStream’s payout ratio is 16.92%.

About HealthStream

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.