HealthStream, Inc. (NASDAQ:HSTM) Given Consensus Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of HealthStream, Inc. (NASDAQ:HSTM – Get Free Report) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $31.50.

A number of research firms have recently weighed in on HSTM. Canaccord Genuity Group increased their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Barclays lifted their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd.

Get Our Latest Report on HealthStream

HealthStream Stock Up 1.3 %

HealthStream stock opened at $31.80 on Friday. The business’s 50-day simple moving average is $28.94 and its 200 day simple moving average is $28.23. The stock has a market cap of $967.36 million, a price-to-earnings ratio of 48.92, a P/E/G ratio of 3.88 and a beta of 0.35. HealthStream has a 12-month low of $23.92 and a 12-month high of $31.96.

HealthStream (NASDAQ:HSTM – Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $73.10 million during the quarter, compared to analysts’ expectations of $73.53 million. During the same quarter in the previous year, the company earned $0.13 EPS. HealthStream’s revenue was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that HealthStream will post 0.63 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be given a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 4th. HealthStream’s dividend payout ratio is currently 16.92%.

Insider Activity at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the transaction, the director now owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 20.60% of the stock is owned by insiders.

Institutional Trading of HealthStream

A number of institutional investors have recently modified their holdings of the company. Diversified Trust Co bought a new stake in HealthStream in the 1st quarter valued at approximately $213,000. Allspring Global Investments Holdings LLC grew its stake in HealthStream by 82.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock valued at $910,000 after purchasing an additional 15,425 shares in the last quarter. Wakefield Asset Management LLLP acquired a new position in shares of HealthStream during the 1st quarter worth approximately $909,000. Sei Investments Co. raised its stake in shares of HealthStream by 2.3% during the 1st quarter. Sei Investments Co. now owns 171,427 shares of the technology company’s stock worth $4,570,000 after purchasing an additional 3,926 shares in the last quarter. Finally, Inspire Investing LLC raised its position in HealthStream by 16.7% during the first quarter. Inspire Investing LLC now owns 33,344 shares of the technology company’s stock worth $889,000 after acquiring an additional 4,769 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

HealthStream Company Profile

(Get Free Report

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.

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