HealthStream, Inc. (NASDAQ:HSTM) Earns Hold Rating from Canaccord Genuity
Canaccord Genuity reiterated their hold rating on shares of HealthStream, Inc. (NASDAQ:HSTM) in a report published on Thursday. The firm currently has a $25.00 price objective on the technology company’s stock.
A number of other equities research analysts have also recently issued reports on HSTM. First Analysis upgraded HealthStream from an underweight rating to an equal weight rating and set a $19.00 price objective on the stock in a research note on Wednesday, July 26th. Needham & Company LLC lowered their price objective on HealthStream from $32.00 to $26.00 and set a buy rating on the stock in a research note on Wednesday, July 26th. Cantor Fitzgerald restated a neutral rating and issued a $24.00 price objective (down from $28.00) on shares of HealthStream in a research note on Wednesday, July 26th. Zacks Investment Research cut HealthStream from a hold rating to a sell rating in a research note on Wednesday, July 26th. Finally, Robert W. Baird set a $31.00 price objective on HealthStream and gave the company a buy rating in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $26.43.
HealthStream (NASDAQ HSTM) opened at 22.73 on Thursday. The company has a 50 day moving average of $26.58 and a 200 day moving average of $25.36. The firm has a market capitalization of $724.52 million, a P/E ratio of 163.53 and a beta of 1.00. HealthStream has a 1-year low of $20.60 and a 1-year high of $31.53.
HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The business had revenue of $61.48 million for the quarter, compared to analysts’ expectations of $61.36 million. During the same period in the previous year, the business posted $0.04 EPS. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that HealthStream will post $0.22 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wrapmanager Inc. bought a new position in HealthStream during the first quarter worth $203,000. OLD National Bancorp IN raised its position in HealthStream by 3.8% in the first quarter. OLD National Bancorp IN now owns 11,966 shares of the technology company’s stock worth $290,000 after buying an additional 437 shares during the last quarter. Great West Life Assurance Co. Can raised its position in HealthStream by 6.1% in the first quarter. Great West Life Assurance Co. Can now owns 36,394 shares of the technology company’s stock worth $881,000 after buying an additional 2,090 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in HealthStream by 49.4% in the first quarter. Kornitzer Capital Management Inc. KS now owns 60,809 shares of the technology company’s stock worth $1,473,000 after buying an additional 20,100 shares during the last quarter. Finally, Pembroke Management LTD raised its position in HealthStream by 7.0% in the first quarter. Pembroke Management LTD now owns 1,121,028 shares of the technology company’s stock worth $27,162,000 after buying an additional 73,700 shares during the last quarter. 76.81% of the stock is owned by institutional investors and hedge funds.
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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