HealthStream, Inc. (NASDAQ:HSTM) Given Average Recommendation of “Buy” by Brokerages

Shares of HealthStream, Inc. (NASDAQ:HSTM) have been given an average rating of “Buy” by the four brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.50.

Several brokerages have recently commented on HSTM. Barclays upped their price objective on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday. Finally, Canaccord Genuity Group raised their price objective on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd.

Institutional Trading of HealthStream

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of HealthStream during the third quarter worth about $27,000. GAMMA Investing LLC grew its stake in HealthStream by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after buying an additional 359 shares during the period. Copeland Capital Management LLC purchased a new stake in HealthStream during the third quarter worth approximately $63,000. CWM LLC grew its stake in HealthStream by 64.2% during the third quarter. CWM LLC now owns 4,448 shares of the technology company’s stock worth $128,000 after buying an additional 1,739 shares during the period. Finally, Vestcor Inc grew its stake in HealthStream by 35.1% during the third quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after buying an additional 1,946 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Stock Down 1.4 %

Shares of HealthStream stock traded down $0.48 during mid-day trading on Thursday, hitting $32.92. The stock had a trading volume of 30,088 shares, compared to its average volume of 112,354. The firm has a 50-day moving average of $32.19 and a two-hundred day moving average of $30.33. HealthStream has a 12-month low of $23.92 and a 12-month high of $33.78. The firm has a market cap of $1.00 billion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 4.25 and a beta of 0.39.

HealthStream Company Profile

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.