HealthStream (HSTM) is Reiterated by Needham to Buy, Raises Price Target to $ 32

HealthStream (HSTM) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $26 . Needham advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on HealthStream. FBR Capital Initiated HealthStream on Mar 29, 2016 to “Outperform”, Price Target of the shares are set at $27.

On the company’s financial health, HealthStream reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.07. The company had revenue of $54.10 million for the quarter, compared to analysts expectations of $54.03 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

HealthStream closed down -0.15 points or -0.56% at $26.43 with 51,132 shares getting traded on Thursday. Post opening the session at $26.47, the shares hit an intraday low of $25.7374 and an intraday high of $26.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Feb 23, 2016, Michael Sousa (Senior Vice President) sold 10,000 shares at $21.35 per share price. According to the SEC, on Feb 22, 2016, Jeffrey L Mclaren (director) sold 10,000 shares at $21.22 per share price. On Mar 13, 2015, Thompson Dent (director) sold 13,700 shares at $25.68 per share price, according to the Form-4 filing with the securities and exchange commission.

HealthStream Inc. (HealthStream) provides software as a service (SaaS)-based workforce development solutions and research/patient experience solutions for healthcare organizations designed to assess and develop the people that deliver patient care. HealthStream’s products and services are organized into two segments: HealthStream Workforce Development Solutions and HealthStream Research/Patient Experience Solutions. The Company also offers credentialing privileging quality management and contact center optimization solutions for healthcare organizations. The Company delivers educational activities and training courseware to its customers through its platform application the HealthStream Learning Center (HLC) while delivering competency management and performance appraisal tools through its platform applications the HealthStream Competency Center (HCC) and HealthStream Performance Center (HPC) respectively all on the SaaS-based platform.


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