Analysts Set HealthStream, Inc. (NASDAQ:HSTM) Price Target at $30.00

Shares of HealthStream, Inc. (NASDAQ:HSTM) have been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $30.00.

HSTM has been the topic of several analyst reports. Canaccord Genuity Group upped their price target on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th.

Insider Buying and Selling

In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares of the company’s stock, valued at approximately $267,041.81. The transaction was disclosed in a filing with the SEC, which is available through this link. In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now owns 22,326 shares of the company’s stock, valued at $636,960.78. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HSTM. GAMMA Investing LLC raised its holdings in shares of HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after acquiring an additional 630 shares in the last quarter. Parallel Advisors LLC increased its position in shares of HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after buying an additional 501 shares during the period. Point72 DIFC Ltd purchased a new position in shares of HealthStream during the second quarter valued at approximately $38,000. CWM LLC boosted its position in shares of HealthStream by 405.4% in the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,173 shares in the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of HealthStream in the 1st quarter worth approximately $213,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Trading Up 0.1 %

Shares of HSTM opened at $28.81 on Thursday. The stock has a 50 day moving average of $28.71 and a 200 day moving average of $27.39. The company has a market capitalization of $875.77 million, a price-to-earnings ratio of 49.67, a PEG ratio of 4.13 and a beta of 0.36. HealthStream has a 12 month low of $21.08 and a 12 month high of $31.15.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The business had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. During the same period in the prior year, the company earned $0.13 earnings per share. HealthStream’s revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that HealthStream will post 0.56 earnings per share for the current year.

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Monday, August 5th. HealthStream’s payout ratio is 18.97%.

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.