HealthStream (NASDAQ:HSTM) Receives “Market Perform” Rating from JMP Securities

JMP Securities reissued their market perform rating on shares of HealthStream (NASDAQ:HSTM) in a report published on Thursday,Benzinga reports.

Several other research analysts also recently weighed in on HSTM. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a report 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 lifted their price objective on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $33.05 on Thursday. HealthStream has a 52-week low of $23.92 and a 52-week high of $33.78. The company’s 50 day moving average price is $32.19 and its 200-day moving average price is $30.35. The company has a market capitalization of $1.01 billion, a P/E ratio of 50.85, a price-to-earnings-growth ratio of 4.25 and a beta of 0.39.

Hedge Funds Weigh In On HealthStream

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in HealthStream during the third quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in HealthStream by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after purchasing an additional 359 shares in the last quarter. Copeland Capital Management LLC purchased a new position in HealthStream in the third quarter worth about $63,000. CWM LLC increased its position 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 during the last quarter. Finally, Vestcor Inc boosted its stake in shares of HealthStream by 35.1% during the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after purchasing an additional 1,946 shares during the period. 69.58% of the stock is owned by institutional investors.

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.