HealthStream Inc. (HSTM) Trading Up 2.7%
Shares of HealthStream Inc. (NASDAQ:HSTM) were up 2.7% during trading on Monday . The company traded as high as $25.28 and last traded at $25.01, with a volume of 60,237 shares trading hands. The stock had previously closed at $24.36.
A number of analysts recently commented on HSTM shares. Needham & Company LLC restated a “buy” rating and set a $32.00 price target (up from $26.00) on shares of HealthStream in a research note on Friday, June 10th. Canaccord Genuity restated a “buy” rating on shares of HealthStream in a research note on Tuesday, April 26th. FBR & Co restated a “buy” rating and set a $27.00 price target on shares of HealthStream in a research note on Sunday, July 3rd. First Analysis cut shares of HealthStream from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $30.00 to $27.00 in a research note on Wednesday, July 27th. Finally, Barrington Research started coverage on shares of HealthStream in a research note on Wednesday, June 29th. They set an “outperform” rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. HealthStream currently has a consensus rating of “Buy” and an average price target of $28.14.
The stock has a 50 day moving average of $25.35 and a 200-day moving average of $23.25. The stock has a market cap of $814.11 million and a price-to-earnings ratio of 116.06.
HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $56.80 million. During the same period in the previous year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that HealthStream Inc. will post $0.29 earnings per share for the current fiscal year.
In other news, Director Tate Deborah Taylor sold 1,500 shares of HealthStream stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $24.28, for a total value of $36,420.00. Following the completion of the sale, the director now directly owns 12,188 shares in the company, valued at $295,924.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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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