Barrington Research Reiterates “Hold” Rating for HealthStream (HSTM)

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HealthStream (NASDAQ:HSTM)‘s stock had its “hold” rating reissued by investment analysts at Barrington Research in a research note issued on Thursday.

Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of HealthStream from a “c+” rating to a “b-” rating in a research note on Thursday, August 9th. BidaskClub upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research note on Friday, August 24th. Zacks Investment Research upgraded shares of HealthStream from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, October 24th. Finally, ValuEngine lowered shares of HealthStream from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.40.

Shares of HSTM stock traded up $0.43 during trading hours on Thursday, hitting $24.82. 2,737 shares of the company were exchanged, compared to its average volume of 177,335. HealthStream has a 52-week low of $21.15 and a 52-week high of $31.86. The firm has a market cap of $788.42 million, a P/E ratio of 92.37, a PEG ratio of 3.71 and a beta of 0.86.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, October 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. HealthStream had a net margin of 14.23% and a return on equity of 4.00%. The company had revenue of $59.93 million during the quarter, compared to analyst estimates of $58.22 million. During the same quarter last year, the business posted $0.08 EPS. HealthStream’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts anticipate that HealthStream will post 0.39 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Conestoga Capital Advisors LLC grew its stake in HealthStream by 14.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,773,237 shares of the technology company’s stock valued at $54,988,000 after buying an additional 220,863 shares in the last quarter. Renaissance Technologies LLC grew its stake in HealthStream by 379.2% in the 2nd quarter. Renaissance Technologies LLC now owns 306,200 shares of the technology company’s stock valued at $8,362,000 after buying an additional 242,300 shares in the last quarter. Macquarie Group Ltd. purchased a new position in HealthStream in the 2nd quarter valued at approximately $322,000. Stone Ridge Asset Management LLC grew its stake in HealthStream by 18.4% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 17,979 shares of the technology company’s stock valued at $558,000 after buying an additional 2,794 shares in the last quarter. Finally, Cadence Capital Management LLC grew its stake in HealthStream by 38.0% in the 3rd quarter. Cadence Capital Management LLC now owns 119,870 shares of the technology company’s stock valued at $3,717,000 after buying an additional 33,013 shares in the last quarter. Institutional investors and hedge funds own 73.46% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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