HealthStream (NASDAQ:HSTM) Reaches New 12-Month High – Should You Buy?

HealthStream, Inc. (NASDAQ:HSTM) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.04 and last traded at $33.94, with a volume of 120499 shares trading hands. The stock had previously closed at $33.50.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays increased their price target on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. JMP Securities restated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Finally, Canaccord Genuity Group upped their price target on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

HealthStream Stock Up 2.1 %

The stock’s 50 day moving average price is $32.22 and its two-hundred day moving average price is $30.47. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 52.20, a price-to-earnings-growth ratio of 4.30 and a beta of 0.39.

Institutional Investors Weigh In On HealthStream

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of HealthStream by 10.0% in the second quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock worth $270,000 after buying an additional 876 shares during the last quarter. Creative Planning lifted its holdings in HealthStream by 21.4% in the second quarter. Creative Planning now owns 10,476 shares of the technology company’s stock valued at $292,000 after acquiring an additional 1,849 shares during the period. Sanctuary Advisors LLC purchased a new stake in HealthStream in the 2nd quarter worth approximately $338,000. GAMMA Investing LLC grew its stake in shares of HealthStream by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after purchasing an additional 359 shares during the period. Finally, CWM LLC increased its holdings in shares of HealthStream by 64.2% during the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock valued at $128,000 after purchasing an additional 1,739 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

HealthStream Company Profile

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.