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

HealthStream, Inc. (NASDAQ:HSTM) hit a new 52-week high 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.

Analyst Ratings Changes

HSTM has been the topic of a number of research analyst reports. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. 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 report on Wednesday, October 23rd. Barclays raised their price target on shares of HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, JMP Securities reissued a “market perform” rating on shares of HealthStream in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.50.

HealthStream Stock Up 1.3 %

The stock has a 50-day moving average of $32.22 and a 200 day moving average of $30.45. The stock has a market cap of $1.03 billion, a PE ratio of 52.22, a price-to-earnings-growth ratio of 4.30 and a beta of 0.39.

Institutional Trading of HealthStream

Large investors have recently made changes to their positions in the business. Quarry LP purchased a new position in shares of HealthStream during the third quarter worth $27,000. GAMMA Investing LLC raised its stake in shares of HealthStream by 36.0% during the 3rd 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. Copeland Capital Management LLC acquired a new position in shares of HealthStream in the 3rd quarter valued at about $63,000. CWM LLC lifted its holdings in shares of HealthStream by 64.2% in the 3rd quarter. CWM LLC now owns 4,448 shares of the technology company’s stock valued at $128,000 after buying an additional 1,739 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of HealthStream in the fourth quarter worth about $183,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.