Analysts Set HealthStream, Inc. (NASDAQ:HSTM) Price Target at $32.00

HealthStream, Inc. (NASDAQ:HSTM) has been given an average rating of “Moderate Buy” by the five analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.00.

Several equities analysts have recently issued reports on HSTM shares. Canaccord Genuity Group raised their price target on shares of HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a report on Tuesday, February 25th. Finally, JMP Securities reissued a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jefferies Financial Group Inc. acquired a new stake in HealthStream during the fourth quarter worth approximately $1,822,000. Polar Asset Management Partners Inc. grew its stake in shares of HealthStream by 62.2% in the 4th quarter. Polar Asset Management Partners Inc. now owns 91,952 shares of the technology company’s stock valued at $2,924,000 after buying an additional 35,252 shares during the period. Mackenzie Financial Corp bought a new position in HealthStream in the fourth quarter worth approximately $228,000. Squarepoint Ops LLC grew its stake in HealthStream by 13.2% in the fourth quarter. Squarepoint Ops LLC now owns 11,257 shares of the technology company’s stock valued at $358,000 after acquiring an additional 1,316 shares during the period. Finally, ProShare Advisors LLC bought a new stake in shares of HealthStream during the fourth quarter valued at approximately $233,000. 69.58% of the stock is owned by institutional investors.

HealthStream Stock Down 0.2 %

NASDAQ HSTM opened at $32.03 on Friday. The company has a market cap of $974.80 million, a price-to-earnings ratio of 49.28, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. HealthStream has a twelve month low of $23.92 and a twelve month high of $34.24. The business’s fifty day moving average is $32.60 and its 200 day moving average is $31.39.

HealthStream (NASDAQ:HSTM) last released its quarterly 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. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The company had revenue of $74.24 million for the quarter, compared to analysts’ expectations of $73.55 million. During the same period in the previous year, the business posted $0.14 earnings per share. On average, research analysts anticipate that HealthStream will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.031 dividend. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, March 10th. This represents a $0.12 annualized dividend and a yield of 0.39%. HealthStream’s payout ratio 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.