Brokerages Set HealthStream, Inc. (NASDAQ:HSTM) PT at $31.50

HealthStream, Inc. (NASDAQ:HSTM) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $31.50.

A number of brokerages recently issued reports on HSTM. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays raised their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group upped their target price on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

HealthStream Price Performance

NASDAQ:HSTM opened at $33.03 on Tuesday. The firm has a 50-day moving average of $29.91 and a two-hundred day moving average of $28.81. The stock has a market cap of $1.00 billion, a P/E ratio of 50.82, a PEG ratio of 4.33 and a beta of 0.35. HealthStream has a 1-year low of $23.92 and a 1-year high of $33.43.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. During the same quarter last year, the firm earned $0.13 EPS. HealthStream’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts expect that HealthStream will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 annualized dividend and a yield of 0.34%. HealthStream’s payout ratio is 16.92%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HSTM. Harbor Capital Advisors Inc. lifted its holdings in shares of HealthStream by 141.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock worth $11,537,000 after purchasing an additional 234,148 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in HealthStream in the third quarter worth $1,635,000. Assenagon Asset Management S.A. lifted its stake in HealthStream by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after buying an additional 54,775 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of HealthStream by 7.1% during the second quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after acquiring an additional 35,350 shares during the period. Finally, Barclays PLC boosted its holdings in shares of HealthStream by 145.0% during the third quarter. Barclays PLC now owns 58,838 shares of the technology company’s stock valued at $1,697,000 after acquiring an additional 34,821 shares during the period. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

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.