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

HealthStream, Inc. (NASDAQ:HSTM) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $32.00.

HSTM has been the subject of several research reports. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group increased their target price on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On HealthStream

Institutional investors have recently bought and sold shares of the company. Copeland Capital Management LLC lifted its holdings in shares of HealthStream by 17,363.4% during the 4th quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock valued at $12,062,000 after purchasing an additional 377,134 shares during the last quarter. Cerity Partners LLC increased its position in HealthStream by 3,889.2% during the 4th quarter. Cerity Partners LLC now owns 300,070 shares of the technology company’s stock valued at $9,534,000 after buying an additional 292,548 shares in the last quarter. Norges Bank purchased a new stake in HealthStream in the fourth quarter valued at about $3,649,000. Vanguard Group Inc. boosted its holdings in HealthStream by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock worth $97,151,000 after acquiring an additional 92,067 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of HealthStream by 47.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 221,609 shares of the technology company’s stock worth $7,047,000 after acquiring an additional 71,379 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Stock Up 0.6 %

HSTM opened at $32.09 on Friday. The stock’s fifty day moving average is $32.59 and its two-hundred day moving average is $31.31. The company has a market capitalization of $976.63 million, a P/E ratio of 49.37, a PEG ratio of 4.37 and a beta of 0.37. HealthStream has a 52 week low of $23.92 and a 52 week high of $34.24.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. During the same period in the previous year, the company posted $0.14 earnings per share. Equities analysts anticipate that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, March 10th. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s payout ratio is 18.18%.

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.