HealthStream, Inc. (NASDAQ:HSTM) – Stock analysts at Cantor Fitzgerald boosted their FY2017 earnings estimates for HealthStream in a research note issued on Tuesday, according to Zacks Investment Research. Cantor Fitzgerald analyst S. Halper now expects that the technology company will post earnings per share of $0.22 for the year, up from their previous estimate of $0.19. Cantor Fitzgerald currently has a “Neutral” rating and a $24.00 target price on the stock.
HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. The firm had revenue of $63.60 million for the quarter, compared to analyst estimates of $62.48 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year.
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HSTM has been the topic of several other research reports. Robert W. Baird dropped their price objective on shares of HealthStream from $30.00 to $28.00 and set an “outperform” rating on the stock in a report on Wednesday, October 25th. Canaccord Genuity reissued a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research note on Thursday, July 27th. Needham & Company LLC cut shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of HealthStream from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, ValuEngine lowered shares of HealthStream from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. HealthStream has an average rating of “Hold” and a consensus target price of $24.83.
HealthStream (HSTM) traded down $0.01 during trading on Wednesday, hitting $23.21. 74,600 shares of the stock traded hands, compared to its average volume of 148,858. The stock has a market cap of $740.63, a PE ratio of 105.54, a P/E/G ratio of 6.23 and a beta of 0.93. HealthStream has a fifty-two week low of $20.60 and a fifty-two week high of $31.53.
A number of hedge funds have recently made changes to their positions in HSTM. Janus Henderson Group PLC acquired a new stake in HealthStream in the second quarter valued at $23,186,000. Janus Capital Management LLC lifted its stake in shares of HealthStream by 153.8% during the 1st quarter. Janus Capital Management LLC now owns 886,282 shares of the technology company’s stock worth $21,475,000 after buying an additional 537,116 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of HealthStream during the 3rd quarter worth about $5,643,000. Conestoga Capital Advisors LLC lifted its stake in shares of HealthStream by 14.3% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,497,650 shares of the technology company’s stock worth $35,000,000 after buying an additional 186,948 shares during the last quarter. Finally, Pier Capital LLC acquired a new stake in shares of HealthStream during the 2nd quarter worth about $4,386,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.
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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