Cantor Fitzgerald analyst Steven Halper maintained a Hold rating on HealthStream (HSTM) today and set a price target of $26. The company’s shares opened today at $27.20.
Halper said:
“Our rating on HSTM shares is Neutral. The company has a solid franchise in the workforce solutions market. We expect HSTM margins to expand as the company focuses on higher-margin products and cost controls. We believe the shares already reflect our long-term growth assumptions. DCF-based price target remains $26. Our assumptions include 10.1% top-line growth in 2019, and mid-to-high single-digit growth thereafter. We also assume significant margin expansion over time.”
According to TipRanks.com, Halper is a 5-star analyst with an average return of 14.0% and a 55.0% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Hms Holdings Corp.
Currently, the analyst consensus on HealthStream is a Moderate Buy with an average price target of $27, which is a -0.7% downside from current levels. In a report issued on April 18, Barrington also maintained a Hold rating on the stock.
See today’s analyst top recommended stocks >>
HealthStream’s market cap is currently $875.7M and has a P/E ratio of 386.91. The company has a Price to Book ratio of 2.76.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
HealthStream, Inc. engages in the provision of services to healthcare organizations and other members within the healthcare industry. It operates through the following segments: Workforce Solutions and Provider Solutions.
