HealthStream (NASDAQ:HSTM) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of HealthStream (NASDAQ:HSTMGet Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

Separately, Canaccord Genuity Group boosted their price target on shares of HealthStream from $22.00 to $24.00 in a report on Wednesday, July 27th.

HealthStream Price Performance

NASDAQ HSTM opened at $24.49 on Monday. HealthStream has a 1 year low of $18.51 and a 1 year high of $30.86. The firm has a market cap of $744.30 million, a price-to-earnings ratio of 106.48, a PEG ratio of 8.11 and a beta of 0.43. The company has a fifty day moving average price of $21.41 and a 200-day moving average price of $21.21.

HealthStream (NASDAQ:HSTMGet Rating) last posted its earnings results on Monday, July 25th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. HealthStream had a net margin of 2.73% and a return on equity of 2.70%. The firm had revenue of $65.60 million during the quarter, compared to analyst estimates of $66.27 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that HealthStream will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On HealthStream

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of HealthStream by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,751,207 shares of the technology company’s stock worth $54,804,000 after buying an additional 13,515 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in HealthStream by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,467,146 shares of the technology company’s stock valued at $29,226,000 after purchasing an additional 41,720 shares during the last quarter. Granite Investment Partners LLC lifted its holdings in HealthStream by 4.2% during the fourth quarter. Granite Investment Partners LLC now owns 822,183 shares of the technology company’s stock valued at $21,673,000 after purchasing an additional 32,851 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in HealthStream by 20.3% during the first quarter. Acadian Asset Management LLC now owns 648,976 shares of the technology company’s stock valued at $12,908,000 after purchasing an additional 109,370 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in HealthStream by 1.7% during the fourth quarter. Northern Trust Corp now owns 621,294 shares of the technology company’s stock valued at $16,377,000 after purchasing an additional 10,503 shares during the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

About HealthStream

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HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation and account management services.

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