HealthStream (NASDAQ:HSTM) Hits New 52-Week High – Here’s What Happened

Shares of HealthStream, Inc. (NASDAQ:HSTM) reached a new 52-week high during trading on Wednesday . The stock traded as high as $34.04 and last traded at $33.94, with a volume of 120499 shares. The stock had previously closed at $33.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HSTM shares. Barclays lifted their price objective on shares of HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. JMP Securities reiterated a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Craig Hallum raised HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group upped their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, HealthStream currently has a consensus rating of “Moderate Buy” and an average target price of $31.50.

HealthStream Stock Up 1.3 %

The stock has a market capitalization of $1.03 billion, a P/E ratio of 52.22, a P/E/G ratio of 4.30 and a beta of 0.39. The stock’s 50 day moving average price is $32.22 and its 200-day moving average price is $30.45.

Hedge Funds Weigh In On HealthStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company’s stock valued at $97,151,000 after buying an additional 92,067 shares in the last quarter. State Street Corp lifted its position in HealthStream by 1.2% during the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock valued at $28,097,000 after acquiring an additional 11,976 shares during the last quarter. Geode Capital Management LLC boosted its stake in HealthStream by 2.9% in the third quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company’s stock valued at $19,463,000 after acquiring an additional 18,779 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in HealthStream by 3.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 414,787 shares of the technology company’s stock worth $13,190,000 after purchasing an additional 14,754 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in shares of HealthStream by 17,363.4% during the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock worth $12,062,000 after purchasing an additional 377,134 shares in the last quarter. Hedge funds and other 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.