Shares of HealthStream Inc. (NASDAQ:HSTM) dropped 2.4% on Friday . The stock traded as low as $26.75 and last traded at $26.81, with a volume of 75,715 shares changing hands. The stock had previously closed at $27.47.

HSTM has been the subject of several research reports. FBR & Co initiated coverage on HealthStream in a report on Tuesday, March 29th. They issued an “outperform” rating and a $27.00 target price for the company. Barrington Research began coverage on HealthStream in a research note on Wednesday, June 29th. They set an “outperform” rating and a $30.00 price objective for the company. Canaccord Genuity reaffirmed a “buy” rating on shares of HealthStream in a research note on Tuesday, April 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $32.00 price objective (up from $26.00) on shares of HealthStream in a research note on Friday, June 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $29.71.

The firm has a market cap of $851.92 million and a P/E ratio of 115.24. The stock has a 50-day moving average of $25.78 and a 200-day moving average of $22.41.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The firm had revenue of $54.10 million for the quarter, compared to analysts’ expectations of $54.03 million. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts forecast that HealthStream Inc. will post $0.33 earnings per share for the current fiscal year.

Several hedge funds and institutional investors have recently modified their holdings of HSTM. Pembroke Management LTD increased its position in shares of HealthStream by 5.8% in the fourth quarter. Pembroke Management LTD now owns 1,747,728 shares of the company’s stock worth $38,450,000 after buying an additional 96,500 shares during the period. Dimensional Fund Advisors LP increased its position in shares of HealthStream by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,015,508 shares of the company’s stock worth $22,341,000 after buying an additional 20,056 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of HealthStream by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 46,774 shares of the company’s stock worth $1,029,000 after buying an additional 865 shares during the period.

HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.

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