Time to Reconsider HealthStream, Inc. (HSTM) After Reaching 52-Week High?

June 19, 2017 - By Dolores Ford

Investors sentiment increased to 1.79 in 2016 Q4. Its up 0.16, from 1.63 in 2016Q3. It improved, as 9 investors sold HealthStream, Inc. shares while 29 reduced holdings. 12 funds opened positions while 56 raised stakes. 23.85 million shares or 3.20% more from 23.11 million shares in 2016Q3 were reported.
Alliancebernstein L P reported 0% in HealthStream, Inc. (NASDAQ:HSTM). Rhumbline Advisers reported 0% stake. Renaissance Technologies Limited Liability Corp invested in 0.01% or 168,400 shares. Conestoga Cap Limited Company stated it has 2.28% in HealthStream, Inc. (NASDAQ:HSTM). Metropolitan Life Insur Com New York reported 0% stake. Arrowpoint Asset Ltd Llc accumulated 262,414 shares. Cubist Systematic Strategies Lc, Connecticut-based fund reported 12,728 shares. Moreover, Louisiana State Employees Retirement has 0.01% invested in HealthStream, Inc. (NASDAQ:HSTM). Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0% in HealthStream, Inc. (NASDAQ:HSTM). Envestnet Asset Mgmt, Illinois-based fund reported 28,401 shares. Clarivest Asset Mngmt Ltd Liability Co, a California-based fund reported 1,667 shares. D E Shaw And Company stated it has 0% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM). Blair William Company Il has 0.01% invested in HealthStream, Inc. (NASDAQ:HSTM). Wealthtrust stated it has 0.01% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM). Swiss Bancorporation has 41,100 shares for 0% of their portfolio.

The stock of HealthStream, Inc. (NASDAQ:HSTM) hit a new 52-week high and has $32.38 target or 9.00 % above today’s $29.71 share price. The 6 months bullish chart indicates low risk for the $963.01M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $32.38 price target is reached, the company will be worth $86.67M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 26,777 shares traded. HealthStream, Inc. (NASDAQ:HSTM) has risen 29.68% since June 19, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Wall Street await HealthStream, Inc. (NASDAQ:HSTM) to release earnings on July, 24. Analysts forecast EPS of $0.04, down exactly $0.01 or 20.00 % from 2014’s $0.05 EPS. The expected HSTM’s profit could reach $1.30 million giving the stock 185.69 P/E in the case that $0.04 earnings per share is reported. After posting $0.04 EPS for the previous quarter, HealthStream, Inc.’s analysts now forecast 0.00 % EPS growth.

HealthStream, Inc. (NASDAQ:HSTM) Ratings Coverage

Among 8 analysts covering Healthstream (NASDAQ:HSTM), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Healthstream had 10 analyst reports since July 22, 2015 according to SRatingsIntel. Barrington Research initiated the shares of HSTM in report on Wednesday, June 29 with “Outperform” rating. FBR Capital initiated HealthStream, Inc. (NASDAQ:HSTM) rating on Tuesday, March 29. FBR Capital has “Outperform” rating and $27 target. The firm earned “Neutral” rating on Wednesday, December 30 by Sidoti. The firm earned “Underweight” rating on Monday, January 23 by First Analysis. As per Wednesday, July 22, the company rating was downgraded by Needham. Robert W. Baird upgraded it to “Outperform” rating and $31 target in Friday, December 2 report. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Strong-Buy”. The stock has “Market Perform” rating by Raymond James on Monday, August 3. The stock of HealthStream, Inc. (NASDAQ:HSTM) earned “Equal-Weight” rating by First Analysis on Wednesday, July 27.

More recent HealthStream, Inc. (NASDAQ:HSTM) news were published by: Businesswire.com which released: “HealthStream Acquires Morrisey Associates” on August 08, 2016. Also Baltimoresun.com published the news titled: “HealthStream to close Laurel office, lay off 134 workers” on March 02, 2017. Fool.com‘s news article titled: “Here’s Why HealthStream, Inc. Stock Is Soaring” with publication date: April 25, 2017 was also an interesting one.

HealthStream, Inc. provides workforce, patient experience and well-known provider solutions for healthcare organizations. The company has market cap of $963.01 million. The Firm operates in three divisions: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. It has a 269.67 P/E ratio. HealthStream’s services and products are organized into three divisions: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.

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