HealthStream, Inc. (NASDAQ:HSTM) Stock Rating Reaffirmed by Needham & Company LLC

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.

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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