HealthStream’s (HSTM) “Outperform” Rating Reiterated at William Blair

HealthStream (NASDAQ:HSTM)‘s stock had its “outperform” rating reiterated by equities researchers at William Blair in a research note issued to investors on Tuesday,RTT News reports.

Separately, JMP Securities reissued a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, HealthStream has an average rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Stock Down 2.2 %

Shares of HSTM traded down $0.71 during midday trading on Tuesday, hitting $31.65. The company had a trading volume of 68,198 shares, compared to its average volume of 116,794. The company’s 50 day moving average price is $32.39 and its 200 day moving average price is $30.74. The stock has a market cap of $962.48 million, a price-to-earnings ratio of 48.69, a PEG ratio of 4.37 and a beta of 0.39. HealthStream has a 52 week low of $23.92 and a 52 week high of $34.24.

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

Institutional Trading of HealthStream

Institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of HealthStream in the 3rd quarter worth approximately $27,000. New Age Alpha Advisors LLC acquired a new stake in HealthStream during the fourth quarter valued at approximately $80,000. Meeder Asset Management Inc. acquired a new stake in HealthStream during the fourth quarter valued at approximately $114,000. Bessemer Group Inc. lifted its stake in HealthStream by 1,074.6% during the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company’s stock valued at $119,000 after purchasing an additional 3,428 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of HealthStream during the fourth quarter valued at approximately $183,000. 69.58% of the stock is 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.