HealthStream (NASDAQ:HSTM) Price Target Raised to $28.00 (2024)

HealthStream (NASDAQ:HSTM - Free Report) had its price target hoisted by Canaccord Genuity Group from $27.00 to $28.00 in a research report released on Wednesday, Benzinga reports. Canaccord Genuity Group currently has a hold rating on the technology company's stock.

Separately, StockNews.com raised shares of HealthStream from a buy rating to a strong-buy rating in a report on Saturday, July 6th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, HealthStream presently has an average rating of Moderate Buy and a consensus price target of $30.00.

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HealthStream Price Performance

Shares of HSTM traded down $0.32 on Wednesday, reaching $29.14. The company's stock had a trading volume of 147,189 shares, compared to its average volume of 108,735. The stock's 50 day simple moving average is $27.97 and its two-hundred day simple moving average is $26.97. HealthStream has a 12-month low of $20.47 and a 12-month high of $31.15. The stock has a market capitalization of $885.86 million, a P/E ratio of 50.35, a PEG ratio of 4.74 and a beta of 0.38.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.21%. The firm had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. During the same period last year, the firm posted $0.13 earnings per share. HealthStream's revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts expect that HealthStream will post 0.54 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.38%. The ex-dividend date is Monday, August 5th. HealthStream's payout ratio is 18.97%.

Insiders Place Their Bets

In other HealthStream news, SVP Scott Fenstermacher sold 1,000 shares of HealthStream stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the transaction, the senior vice president now directly owns 13,008 shares of the company's stock, valued at $340,679.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company's stock valued at $78,345,000 after buying an additional 31,943 shares during the period. Heartland Advisors Inc. raised its stake in shares of HealthStream by 0.9% during the fourth quarter. Heartland Advisors Inc. now owns 640,725 shares of the technology company's stock valued at $18,459,000 after acquiring an additional 5,593 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of HealthStream by 21.5% in the first quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company's stock valued at $13,192,000 after purchasing an additional 87,400 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in HealthStream by 9.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company's stock worth $8,280,000 after purchasing an additional 27,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in HealthStream by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 199,775 shares of the technology company's stock worth $5,400,000 after purchasing an additional 5,367 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

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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.

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