Analysts Set HealthStream, Inc. (NASDAQ:HSTM) PT at $32.00

HealthStream, Inc. (NASDAQ:HSTM) has received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.00.

A number of equities analysts have commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Canaccord Genuity Group boosted their price target on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Wednesday, February 26th. Finally, William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th.

HealthStream Trading Up 2.0 %

HSTM stock opened at $33.21 on Tuesday. The firm has a 50-day moving average price of $32.21 and a 200-day moving average price of $31.79. HealthStream has a 12 month low of $25.39 and a 12 month high of $34.24. The stock has a market capitalization of $1.01 billion, a P/E ratio of 51.09, a price-to-earnings-growth ratio of 4.37 and a beta of 0.42.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $74.24 million for the quarter, compared to analysts’ expectations of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, equities analysts predict that HealthStream will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.031 dividend. This is a boost from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Monday, March 10th. HealthStream’s payout ratio is currently 18.18%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in HealthStream by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock worth $97,151,000 after purchasing an additional 92,067 shares during the period. State Street Corp boosted its position in HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock worth $28,097,000 after purchasing an additional 11,976 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of HealthStream by 101.3% in the first quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company’s stock valued at $24,576,000 after purchasing an additional 384,384 shares during the last quarter. Geode Capital Management LLC increased its position in HealthStream by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company’s stock worth $22,082,000 after purchasing an additional 19,510 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in HealthStream by 2.4% during the first quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company’s stock worth $13,670,000 after acquiring an additional 10,003 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.