HealthStream (HSTM) Stock Rating Reaffirmed by Barrington Research

HealthStream (NASDAQ:HSTM)‘s stock had its “hold” rating reaffirmed by equities research analysts at Barrington Research in a report released on Wednesday.

The analysts wrote, “We expect HealthStream to report Q3/18 revenue of $58.7 million, which is 1% greater than the FactSet consensus of $58.3 million. Our revenue forecast represents a year-over-year decline of 8% and a sequential increase of 3%. Solutions (PES) business, which was divested in February 2018, our revenue forecast calls for year-over-year growth of 7%.””

Several other research analysts have also recently weighed in on HSTM. Robert W. Baird cut shares of HealthStream from an “outperform” rating to a “neutral” rating and set a $24.00 price objective for the company. in a report on Wednesday, June 20th. ValuEngine raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. BidaskClub cut shares of HealthStream from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $25.00 target price on shares of HealthStream in a report on Monday, July 23rd. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 target price on shares of HealthStream in a report on Monday, July 23rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.00.

Shares of HSTM traded up $0.33 during mid-day trading on Wednesday, hitting $28.46. 2,839 shares of the company traded hands, compared to its average volume of 169,272. HealthStream has a 1 year low of $21.15 and a 1 year high of $31.86. The stock has a market capitalization of $928.96 million, a price-to-earnings ratio of 104.96, a PEG ratio of 4.76 and a beta of 0.62.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, July 23rd. The technology company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. HealthStream had a net margin of 13.79% and a return on equity of 3.75%. The firm had revenue of $57.00 million during the quarter, compared to analysts’ expectations of $56.68 million. During the same period in the previous year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that HealthStream will post 0.36 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers increased its holdings in HealthStream by 3.6% during the second quarter. Rhumbline Advisers now owns 61,136 shares of the technology company’s stock valued at $1,670,000 after buying an additional 2,137 shares during the last quarter. Royal Bank of Canada boosted its position in shares of HealthStream by 10.6% in the first quarter. Royal Bank of Canada now owns 27,807 shares of the technology company’s stock worth $691,000 after purchasing an additional 2,663 shares during the period. Barclays PLC boosted its position in shares of HealthStream by 45.6% in the first quarter. Barclays PLC now owns 9,444 shares of the technology company’s stock worth $235,000 after purchasing an additional 2,958 shares during the period. JPMorgan Chase & Co. boosted its position in shares of HealthStream by 11.5% in the first quarter. JPMorgan Chase & Co. now owns 34,367 shares of the technology company’s stock worth $853,000 after purchasing an additional 3,533 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of HealthStream by 7.9% in the second quarter. Legal & General Group Plc now owns 51,261 shares of the technology company’s stock worth $1,400,000 after purchasing an additional 3,774 shares during the period. 71.99% of the stock is owned by institutional investors and hedge funds.

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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