First Analysis upgraded shares of HealthStream, Inc. (NASDAQ:HSTM) from an underweight rating to an equal weight rating in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has $19.00 price target on the technology company’s stock. First Analysis also issued estimates for HealthStream’s FY2017 earnings at $0.21 EPS and Q2 2018 earnings at $0.06 EPS.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of HealthStream from a sell rating to a hold rating in a research report on Tuesday, April 25th. Robert W. Baird reissued an outperform rating and set a $35.00 price target on shares of HealthStream in a research report on Tuesday, June 27th. Needham & Company LLC lifted their price target on shares of HealthStream from $28.00 to $32.00 and gave the company a buy rating in a research report on Wednesday, April 26th. Cantor Fitzgerald lifted their price target on shares of HealthStream from $27.00 to $30.00 and gave the company a neutral rating in a research report on Monday, May 1st. Finally, Craig Hallum raised shares of HealthStream from a hold rating to a buy rating in a research report on Tuesday, April 25th. One 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. The stock has an average rating of Hold and an average target price of $26.43.

Shares of HealthStream (NASDAQ:HSTM) opened at 22.73 on Wednesday. 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 cap of $724.52 million, a price-to-earnings ratio of 163.53 and a beta of 1.00. HealthStream has a 12-month low of $20.60 and a 12-month 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, beating analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $61.48 million for the quarter, compared to analyst estimates of $61.36 million. HealthStream had a net margin of 1.85% and a return on equity of 2.27%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS. Analysts predict that HealthStream will post $0.22 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund boosted its position in shares of HealthStream by 1.2% in the second quarter. Texas Permanent School Fund now owns 18,622 shares of the technology company’s stock worth $490,000 after buying an additional 217 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of HealthStream by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock worth $158,000 after buying an additional 290 shares during the period. Pembroke Management LTD boosted its position in shares of HealthStream by 13.0% in the second quarter. Pembroke Management LTD now owns 1,267,128 shares of the technology company’s stock worth $33,350,000 after buying an additional 146,100 shares during the period. Adams Diversified Equity Fund Inc. acquired a new position in shares of HealthStream during the second quarter worth about $874,000. Finally, State of Alaska Department of Revenue boosted its position in shares of HealthStream by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock worth $132,000 after buying an additional 2,230 shares during the period. 76.99% of the stock is owned by institutional investors.

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.

Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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