HealthStream, Inc. (NASDAQ:HSTM) announced its earnings results on Monday, July 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04, Morningstar.com reports. The company had revenue of $61.48 million for the quarter, compared to analyst estimates of $61.36 million. HealthStream had a return on equity of 2.27% and a net margin of 1.85%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share.
HealthStream (NASDAQ:HSTM) traded down 2.50% during mid-day trading on Friday, hitting $22.64. The stock had a trading volume of 210,455 shares. HealthStream has a one year low of $20.60 and a one year high of $31.53. The company has a market cap of $721.90 million, a price-to-earnings ratio of 162.88 and a beta of 0.98. The company has a 50 day moving average price of $24.17 and a 200-day moving average price of $25.35.
A number of analysts have issued reports on HSTM shares. Needham & Company LLC cut their target price on HealthStream from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, July 26th. Zacks Investment Research raised HealthStream from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, June 27th. Craig Hallum raised HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, April 25th. Cantor Fitzgerald boosted their target price on HealthStream from $27.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, May 1st. Finally, Canaccord Genuity reissued a “hold” rating and issued a $25.00 target price on shares of HealthStream in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. HealthStream presently has a consensus rating of “Hold” and a consensus price target of $26.43.
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Several institutional investors have recently bought and sold shares of HSTM. State of Alaska Department of Revenue raised its position in HealthStream by 79.4% in the second quarter. State of Alaska Department of Revenue now owns 5,040 shares of the technology company’s stock valued at $132,000 after buying an additional 2,230 shares during the last quarter. Mason Street Advisors LLC raised its position in HealthStream by 7.1% in the first quarter. Mason Street Advisors LLC now owns 5,944 shares of the technology company’s stock valued at $144,000 after buying an additional 395 shares during the last quarter. Bank of Montreal Can raised its position in HealthStream by 1.1% in the second quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock valued at $151,000 after buying an additional 65 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in HealthStream by 5.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,000 shares of the technology company’s stock valued at $158,000 after buying an additional 290 shares during the last quarter. Finally, Wrapmanager Inc. acquired a new position in HealthStream during the first quarter valued at $203,000. Institutional investors and hedge funds own 76.73% of the company’s stock.
HealthStream Company Profile
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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