Does HealthStream, Inc. (HSTM) Have Any Gas After Forming This Wedge Down?

February 15, 2018 - By Peter Erickson

Investors sentiment increased to 1.61 in Q3 2017. Its up 0.07, from 1.54 in 2017Q2. It is positive, as 14 investors sold HealthStream, Inc. shares while 27 reduced holdings. 22 funds opened positions while 44 raised stakes. 23.41 million shares or 3.05% less from 24.14 million shares in 2017Q2 were reported.
Pinnacle Partners owns 83,181 shares. Arrowmark Colorado Holdings holds 0.1% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM) for 391,709 shares. Qs Investors Llc invested in 27 shares or 0% of the stock. Royal National Bank & Trust Of Canada invested in 0% or 24,421 shares. Carroll Finance Assocs holds 221 shares. Old National National Bank & Trust In owns 17,514 shares. Geode Cap Ltd reported 0% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM). 28,700 are owned by State Common Retirement Fund. Dimensional Fund Lp holds 1.24M shares or 0.01% of its portfolio. Cornerstone Mgmt Ltd Liability Co reported 19,200 shares. State Teachers Retirement owns 10,523 shares for 0% of their portfolio. 30,545 are held by Credit Suisse Ag. Aqr Mgmt Ltd Liability Company has 0% invested in HealthStream, Inc. (NASDAQ:HSTM) for 24,466 shares. Envestnet Asset Mngmt stated it has 26,377 shares. Fifth Third Savings Bank invested 0% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM).

The stock of HealthStream, Inc. (HSTM) formed a down wedge with $21.24 target or 8.00 % below today’s $23.09 share price. The 7 months wedge indicates high risk for the $736.49 million company. If the $21.24 price target is reached, the company will be worth $58.92M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.90% or $0.43 during the last trading session, reaching $23.09. About 74,752 shares traded. HealthStream, Inc. (NASDAQ:HSTM) has risen 29.68% since February 15, 2017 and is uptrending. It has outperformed by 12.98% the S&P500.

Analysts await HealthStream, Inc. (NASDAQ:HSTM) to report earnings on February, 20. They expect $0.03 earnings per share, up 50.00 % or $0.01 from last year’s $0.02 per share. HSTM’s profit will be $956,890 for 192.42 P/E if the $0.03 EPS becomes a reality. After $0.08 actual earnings per share reported by HealthStream, Inc. for the previous quarter, Wall Street now forecasts -62.50 % negative EPS growth.

HealthStream, Inc. (NASDAQ:HSTM) Ratings Coverage

Among 10 analysts covering Healthstream (NASDAQ:HSTM), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Healthstream had 23 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Thursday, August 31 with “Buy”. The firm earned “Neutral” rating on Wednesday, December 30 by Sidoti. The firm has “Outperform” rating given on Tuesday, March 29 by FBR Capital. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Strong-Buy”. Cantor Fitzgerald maintained HealthStream, Inc. (NASDAQ:HSTM) rating on Monday, October 23. Cantor Fitzgerald has “Hold” rating and $24.0 target. Needham maintained it with “Buy” rating and $26.0 target in Monday, October 23 report. The firm has “Outperform” rating given on Wednesday, October 25 by Robert W. Baird. The firm has “Hold” rating by Cantor Fitzgerald given on Monday, July 24. The stock has “Equal-Weight” rating by First Analysis on Wednesday, July 27. The firm has “Hold” rating by Canaccord Genuity given on Friday, October 6.

More important recent HealthStream, Inc. (NASDAQ:HSTM) news were published by: Businesswire.com which released: “HealthStream to Broadcast Its Fourth Quarter 2017 Earnings Conference Call …” on February 14, 2018, also Seekingalpha.com published article titled: “HealthStream’s (HSTM) CEO Robert Frist on Q2 2017 Results – Earnings Call …”, Fool.com published: “Here’s Why HealthStream, Inc. Stock Is Soaring” on April 25, 2017. More interesting news about HealthStream, Inc. (NASDAQ:HSTM) was released by: Businesswire.com and their article: “HealthStream Agreements with Laerdal Medical Expected to Conclude on December …” with publication date: June 26, 2017.

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