Needham & Company LLC reiterated their hold rating on shares of HealthStream, Inc. (NASDAQ:HSTM) in a research report released on Tuesday, October 24th, MarketBeat Ratings reports. They currently have a $26.00 price target on the technology company’s stock.
A number of other equities analysts also recently issued reports on the stock. Canaccord Genuity reaffirmed a hold rating and set a $25.00 price objective on shares of HealthStream in a report on Monday, October 23rd. ValuEngine downgraded HealthStream from a hold rating to a sell rating in a report on Friday, September 1st. Robert W. Baird reiterated a buy rating and issued a $30.00 price objective on shares of HealthStream in a report on Thursday, August 31st. Zacks Investment Research downgraded HealthStream from a hold rating to a sell rating in a report on Wednesday, July 26th. Finally, Cantor Fitzgerald restated a neutral rating and set a $24.00 price target (down from $28.00) on shares of HealthStream in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $24.83.
Shares of HealthStream (NASDAQ:HSTM) opened at $23.21 on Tuesday. HealthStream has a one year low of $20.60 and a one year high of $31.53. The firm has a market cap of $740.31, a price-to-earnings ratio of 105.50, a PEG ratio of 6.23 and a beta of 0.93.
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, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $63.60 million during the quarter, compared to the consensus estimate of $62.48 million. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. HealthStream’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 EPS. equities analysts expect that HealthStream will post 0.23 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in HealthStream by 2.5% in the 2nd quarter. FMR LLC now owns 4,733,510 shares of the technology company’s stock worth $124,586,000 after acquiring an additional 116,309 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of HealthStream by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,324,958 shares of the technology company’s stock worth $61,193,000 after purchasing an additional 89,220 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in HealthStream by 14.3% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,497,650 shares of the technology company’s stock valued at $35,000,000 after acquiring an additional 186,948 shares during the period. Pembroke Management LTD boosted its holdings in HealthStream by 13.0% during the 2nd quarter. Pembroke Management LTD now owns 1,267,128 shares of the technology company’s stock valued at $33,350,000 after acquiring an additional 146,100 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in HealthStream by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,187,549 shares of the technology company’s stock valued at $31,257,000 after acquiring an additional 22,461 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.
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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