Barrington Research restated their buy rating on shares of HealthStream (NASDAQ:HSTM) in a research report sent to investors on Monday. They currently have a $32.00 price target on the technology company’s stock. Barrington Research also issued estimates for HealthStream’s Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.08 EPS, FY2018 earnings at $0.29 EPS and FY2019 earnings at $0.35 EPS.
“We are reducing our 2018 non-GAAP EPS forecast to $0.29 from $0.30 and introducing our initial 2019 non-GAAP EPS forecast of $0.35.”,” Barrington Research’s analyst commented.
A number of other research firms also recently weighed in on HSTM. ValuEngine upgraded HealthStream from a sell rating to a hold rating in a research report on Thursday, February 22nd. BidaskClub downgraded HealthStream from a hold rating to a sell rating in a research report on Wednesday, January 31st. Zacks Investment Research downgraded HealthStream from a buy rating to a hold rating in a research report on Friday, November 10th. William Blair restated an outperform rating on shares of HealthStream in a research report on Tuesday, February 13th. Finally, Cantor Fitzgerald restated a hold rating and set a $24.00 target price on shares of HealthStream in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $25.86.
The business also recently disclosed a special dividend, which will be paid on Tuesday, April 3rd. Investors of record on Tuesday, March 6th will be issued a $1.00 dividend. The ex-dividend date is Monday, March 5th.
In related news, CFO Gerard M. Hayden, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $24.32, for a total value of $608,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Doster sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $245,700.00. Following the completion of the sale, the insider now owns 45,235 shares of the company’s stock, valued at approximately $1,111,423.95. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock valued at $1,219,850 in the last quarter. 21.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. bought a new stake in HealthStream in the second quarter valued at about $205,000. Teacher Retirement System of Texas bought a new stake in HealthStream in the fourth quarter valued at about $215,000. Municipal Employees Retirement System of Michigan increased its holdings in HealthStream by 59.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,570 shares of the technology company’s stock valued at $224,000 after purchasing an additional 3,570 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of HealthStream in the third quarter worth about $237,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of HealthStream in the third quarter worth about $264,000. Institutional investors and hedge funds own 69.47% of the company’s stock.
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HealthStream Company Profile
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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