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

HealthStream, Inc. (NASDAQ:HSTM) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.00.

A number of equities research analysts have issued reports on the stock. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. Finally, Canaccord Genuity Group boosted their price objective on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th.

HealthStream Stock Down 0.2 %

HSTM stock opened at $32.03 on Friday. The firm has a market capitalization of $974.80 million, a PE ratio of 49.28, a P/E/G 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 stock’s 50 day moving average is $32.60 and its 200-day moving average is $31.39.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, beating 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 business had revenue of $74.24 million for the quarter, compared to analysts’ expectations of $73.55 million. During the same period last year, the business earned $0.14 EPS. On average, equities research analysts anticipate that HealthStream will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. This is a positive change from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

Hedge Funds Weigh In On HealthStream

Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of HealthStream by 0.6% in the fourth quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock valued at $2,368,000 after buying an additional 412 shares during the period. Franklin Resources Inc. lifted its holdings in HealthStream by 0.9% during the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company’s stock valued at $1,421,000 after purchasing an additional 413 shares during the last quarter. Sterling Capital Management LLC boosted its position in HealthStream by 3.0% during the fourth quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company’s stock worth $503,000 after purchasing an additional 459 shares during the period. Bridge City Capital LLC increased its stake in shares of HealthStream by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company’s stock worth $1,884,000 after purchasing an additional 535 shares in the last quarter. Finally, Comerica Bank raised its position in shares of HealthStream by 7.1% in the fourth quarter. Comerica Bank now owns 9,373 shares of the technology company’s stock valued at $298,000 after purchasing an additional 618 shares during the period. 69.58% of the stock is owned by institutional investors.

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.