Brokerages Set HealthStream, Inc. (NASDAQ:HSTM) PT at $32.00

Shares of HealthStream, Inc. (NASDAQ:HSTM) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.00.

A number of brokerages have recently commented on HSTM. JMP Securities reiterated a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group increased their price target on shares of HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, February 26th.

Institutional Trading of HealthStream

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers grew its stake in shares of HealthStream by 0.6% in the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock valued at $2,368,000 after purchasing an additional 412 shares during the period. Franklin Resources Inc. boosted its stake in HealthStream by 0.9% in the 4th quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company’s stock valued at $1,421,000 after buying an additional 413 shares in the last quarter. Sterling Capital Management LLC grew its position in HealthStream by 3.0% in the fourth quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company’s stock valued at $503,000 after acquiring an additional 459 shares during the period. Bridge City Capital LLC raised its stake in HealthStream by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company’s stock worth $1,884,000 after acquiring an additional 535 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of HealthStream by 7.1% during the fourth quarter. Comerica Bank now owns 9,373 shares of the technology company’s stock valued at $298,000 after acquiring an additional 618 shares during the period. 69.58% of the stock is currently owned by institutional investors.

HealthStream Trading Down 1.2 %

NASDAQ:HSTM opened at $33.23 on Monday. The firm has a market capitalization of $1.01 billion, a PE ratio of 51.12, a PEG ratio of 4.37 and a beta of 0.39. HealthStream has a 1 year low of $23.92 and a 1 year high of $34.24. The firm’s fifty day simple moving average is $32.60 and its 200 day simple moving average is $30.98.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The business had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, analysts anticipate that HealthStream will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.031 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, March 10th. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

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.