HealthStream (HSTM) Gets a Hold Rating from Cantor Fitzgerald


Cantor Fitzgerald analyst Steven Halper reiterated a Hold rating on HealthStream (HSTM) today and set a price target of $26. The company’s shares opened today at $26.97.

Halper noted:

“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 4.3% 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 top 100 analyst with an average return of 20.6% and a 68.0% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Evolent Health.

The word on The Street in general, suggests a Hold analyst consensus rating for HealthStream with a $25 average price target, implying a -7.3% downside from current levels. In a report released today, Barrington also maintained a Hold rating on the stock.

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The company has a one-year high of $31.86 and a one-year low of $22.35. Currently, HealthStream has an average volume of 111.7K.

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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.

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