HealthStream, Inc. (NASDAQ:HSTM) Receives $31.50 Consensus Target Price from Analysts

HealthStream, Inc. (NASDAQ:HSTM) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.50.

A number of analysts recently commented on HSTM shares. JMP Securities reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Barclays boosted their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group boosted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

Institutional Trading of HealthStream

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of HealthStream by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company’s stock valued at $22,082,000 after purchasing an additional 19,510 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of HealthStream by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company’s stock valued at $1,421,000 after purchasing an additional 413 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of HealthStream in the fourth quarter valued at about $114,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of HealthStream by 47.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 221,609 shares of the technology company’s stock valued at $7,047,000 after purchasing an additional 71,379 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of HealthStream in the fourth quarter valued at about $80,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Stock Down 2.1 %

Shares of HealthStream stock opened at $33.22 on Thursday. HealthStream has a 52-week low of $23.92 and a 52-week high of $34.18. The company’s 50-day simple moving average is $32.22 and its 200-day simple moving average is $30.47. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 51.11, a price-to-earnings-growth ratio of 4.30 and a beta of 0.39.

HealthStream Company Profile

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.