HealthStream, Inc. (NASDAQ:HSTM) Stock Has Average Target Price of $33.50

HealthStream, Inc. (NASDAQ:HSTM) has received an average rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $36.00.

Several research firms have commented on HSTM. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Freedom Capital raised shares of HealthStream to a “hold” rating in a research note on Tuesday, October 13th. Craig Hallum lowered shares of HealthStream from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Tuesday, November 3rd. Canaccord Genuity Group raised their target price on shares of HealthStream from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Wednesday, November 4th. Finally, Wall Street Zen downgraded shares of HealthStream from a “buy” rating to a “hold” rating in a report on Sunday.

HealthStream Price Performance

Shares of HSTM stock opened at $28.85 on Tuesday. HealthStream has a 1 year low of $19.50 and a 1 year high of $35.60. The stock’s 50 day simple moving average is $31.19 and its two-hundred day simple moving average is $25.87. The company has a market cap of $843.00 million, a PE ratio of 41.21, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, November 2nd. The technology company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $83.31 million during the quarter, compared to analysts’ expectations of $82.24 million. HealthStream had a return on equity of 6.37% and a net margin of 6.25%. Equities research analysts expect that HealthStream will post 0.80 EPS for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be given a dividend of $0.0350 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream’s dividend payout ratio is presently 20.00%.

Insider Activity at HealthStream

In other news, CFO Scott Alexander Roberts sold 9,500 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $32.26, for a total value of $306,470.00. Following the completion of the transaction, the chief financial officer directly owned 29,160 shares of the company’s stock, valued at approximately $940,701.60. The trade was a 24.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin P. O’hara sold 4,000 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $31.11, for a total value of $124,440.00. Following the sale, the executive vice president owned 18,901 shares of the company’s stock, valued at $588,010.11. This trade represents a 17.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 194,149 shares of company stock valued at $5,844,892 over the last quarter. 20.40% of the stock is owned by insiders.

Hedge Funds Weigh In On HealthStream

A number of large investors have recently added to or reduced their stakes in HSTM. Aberdeen Group plc bought a new position in shares of HealthStream during the 3rd quarter worth approximately $2,987,000. Russell Investments Group Ltd. lifted its position in HealthStream by 12.0% during the third quarter. Russell Investments Group Ltd. now owns 92,038 shares of the technology company’s stock valued at $2,736,000 after acquiring an additional 9,882 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in HealthStream by 3.7% during the third quarter. Illinois Municipal Retirement Fund now owns 11,755 shares of the technology company’s stock valued at $349,000 after acquiring an additional 423 shares during the last quarter. Bridge City Capital LLC lifted its position in HealthStream by 17.6% during the third quarter. Bridge City Capital LLC now owns 60,860 shares of the technology company’s stock valued at $1,808,000 after acquiring an additional 9,095 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in HealthStream in the third quarter valued at approximately $160,000. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.