JMP Securities Reaffirms Market Perform Rating for HealthStream (NASDAQ:HSTM)

HealthStream (NASDAQ:HSTM)‘s stock had its “market perform” rating reissued by equities researchers at JMP Securities in a note issued to investors on Thursday,Benzinga reports.

Several other brokerages also recently commented on HSTM. Barclays boosted their target price on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Craig Hallum raised shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group boosted their target price on shares of HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, HealthStream presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

HealthStream Stock Performance

Shares of HSTM opened at $33.18 on Thursday. HealthStream has a 52-week low of $23.92 and a 52-week high of $33.78. 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 business’s fifty day moving average is $32.19 and its 200-day moving average is $30.35.

Institutional Investors Weigh In On HealthStream

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of HealthStream during the third quarter valued at $27,000. GAMMA Investing LLC increased its holdings in HealthStream by 36.0% in the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock valued at $39,000 after purchasing an additional 359 shares during the period. Copeland Capital Management LLC acquired a new stake in HealthStream in the third quarter valued at $63,000. CWM LLC raised its position in HealthStream by 64.2% during the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock worth $128,000 after purchasing an additional 1,739 shares during the last quarter. Finally, Vestcor Inc lifted its holdings in HealthStream by 35.1% during the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after buying an additional 1,946 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Company Profile

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.