HealthStream, Inc. (NASDAQ:HSTM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of HealthStream, Inc. (NASDAQ:HSTM) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $31.50.

A number of equities analysts have recently weighed in on HSTM shares. Barclays boosted their price objective 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. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th.

Hedge Funds Weigh In On HealthStream

Several institutional investors and hedge funds have recently bought and sold shares of HSTM. Quarry LP acquired a new position in HealthStream during the third quarter worth approximately $27,000. GAMMA Investing LLC increased its position in shares of HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after acquiring an additional 359 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of HealthStream in the third quarter worth $63,000. New Age Alpha Advisors LLC acquired a new stake in shares of HealthStream in the fourth quarter worth $80,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of HealthStream in the fourth quarter worth $114,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Price Performance

NASDAQ:HSTM opened at $33.22 on Thursday. The firm has a 50 day simple moving average of $32.22 and a 200-day simple moving average of $30.47. The firm has a market cap of $1.01 billion, a PE ratio of 51.11, a P/E/G ratio of 4.30 and a beta of 0.39. HealthStream has a 1-year low of $23.92 and a 1-year high of $34.18.

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.