HealthStream (NASDAQ:HSTM) Earns Market Perform Rating from JMP Securities

HealthStream (NASDAQ:HSTM)‘s stock had its “market perform” rating restated by research analysts at JMP Securities in a report issued on Thursday,Benzinga reports.

Several other research firms have also recently commented on HSTM. Canaccord Genuity Group raised their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays lifted their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Stock Up 0.4 %

HSTM stock opened at $33.18 on Thursday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 51.05, a PEG ratio of 4.25 and a beta of 0.39. The company’s fifty day simple moving average is $32.19 and its 200 day simple moving average is $30.35. HealthStream has a 12-month low of $23.92 and a 12-month high of $33.78.

Institutional Trading of HealthStream

A number of hedge funds and other institutional investors have recently bought and sold shares of HSTM. The Manufacturers Life Insurance Company increased its position in shares of HealthStream by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company’s stock worth $270,000 after acquiring an additional 876 shares in the last quarter. Creative Planning increased its holdings in HealthStream by 21.4% during the 2nd quarter. Creative Planning now owns 10,476 shares of the technology company’s stock worth $292,000 after purchasing an additional 1,849 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of HealthStream in the second quarter worth approximately $338,000. SG Americas Securities LLC lifted its holdings in shares of HealthStream by 96.5% in the third quarter. SG Americas Securities LLC now owns 18,932 shares of the technology company’s stock valued at $546,000 after purchasing an additional 9,296 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of HealthStream by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after buying an additional 359 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

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.