HealthStream, Inc. (NASDAQ:HSTM) had its price objective lowered by Needham & Company LLC from $32.00 to $26.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

Several other research analysts also recently weighed in on HSTM. First Analysis raised HealthStream from an underweight rating to an equal weight rating and set a $19.00 target price for the company in a research note on Wednesday. Zacks Investment Research downgraded HealthStream from a buy rating to a hold rating in a research note on Wednesday, July 12th. Robert W. Baird set a $31.00 target price on HealthStream and gave the stock a buy rating in a research note on Tuesday, April 25th. Craig Hallum raised HealthStream from a hold rating to a buy rating in a research note on Tuesday, April 25th. Finally, Cantor Fitzgerald upped their target price on HealthStream from $27.00 to $30.00 and gave the stock a neutral rating in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $26.43.

Shares of HealthStream (HSTM) opened at 22.73 on Wednesday. The firm’s 50-day moving average is $26.58 and its 200-day moving average is $25.36. The stock has a market capitalization of $724.52 million, a price-to-earnings ratio of 163.53 and a beta of 1.00. HealthStream has a one year low of $20.60 and a one year high of $31.53.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $61.48 million during the quarter, compared to the consensus estimate of $61.36 million. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 EPS. Equities research analysts forecast that HealthStream will post $0.22 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Capital Management LLC increased its position in HealthStream by 153.8% in the first quarter. Janus Capital Management LLC now owns 886,282 shares of the technology company’s stock valued at $21,475,000 after buying an additional 537,116 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in HealthStream during the first quarter valued at approximately $6,338,000. Pembroke Management LTD increased its position in HealthStream by 13.0% in the second quarter. Pembroke Management LTD now owns 1,267,128 shares of the technology company’s stock valued at $33,350,000 after buying an additional 146,100 shares in the last quarter. Vanguard Group Inc. increased its position in HealthStream by 4.8% in the first quarter. Vanguard Group Inc. now owns 2,235,738 shares of the technology company’s stock valued at $54,172,000 after buying an additional 102,888 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in HealthStream by 6.2% in the first quarter. Conestoga Capital Advisors LLC now owns 1,448,317 shares of the technology company’s stock valued at $35,093,000 after buying an additional 84,308 shares in the last quarter. 76.99% of the stock is owned by hedge funds and other institutional investors.

About HealthStream

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.

Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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