What’s in HealthStream, Inc. (HSTM) After Forming Wedge Down Pattern?

February 15, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.61 in Q3 2017. Its up 0.07, from 1.54 in 2017Q2. It improved, 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.
Ftb Advsrs, a Tennessee-based fund reported 248 shares. Citadel Advisors Ltd Co reported 0% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM). Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 6,300 shares. Manufacturers Life Insurance The accumulated 20,163 shares. Wells Fargo & Com Mn holds 0% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM) for 32,362 shares. Ny State Common Retirement Fund holds 0% or 28,700 shares in its portfolio. Tci Wealth Advsr owns 22 shares or 0% of their US portfolio. Geode Capital Limited Liability Com holds 0% or 224,514 shares in its portfolio. Citigroup stated it has 22,798 shares or 0% of all its holdings. Fdx Advsr Inc invested in 0.01% or 22,566 shares. Louisiana State Employees Retirement Sys owns 10,300 shares. Parametric Port Associates Ltd Liability Corp accumulated 0% or 50,054 shares. Aqr Capital Ltd Com holds 24,466 shares. California State Teachers Retirement Systems reported 41,228 shares. 36,394 are owned by Great West Life Assurance Can.

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 EPS, 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 EPS 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 Wednesday, October 25 with “Outperform”. The rating was maintained by Canaccord Genuity with “Hold” on Friday, October 6. The stock has “Outperform” rating by Barrington Research on Wednesday, June 29. As per Wednesday, July 22, the company rating was downgraded by Needham. On Monday, October 2 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of HealthStream, Inc. (NASDAQ:HSTM) earned “Buy” rating by Robert W. Baird on Thursday, August 31. As per Wednesday, July 26, the company rating was upgraded by First Analysis. On Friday, December 2 the stock rating was upgraded by Robert W. Baird to “Outperform”. The stock of HealthStream, Inc. (NASDAQ:HSTM) earned “Neutral” rating by Sidoti on Wednesday, December 30. Zacks downgraded HealthStream, Inc. (NASDAQ:HSTM) on Tuesday, August 4 to “Strong-Buy” rating.

More important recent HealthStream, Inc. (NASDAQ:HSTM) news were published by: Seekingalpha.com which released: “HealthStream’s (HSTM) CEO Robert Frist on Q2 2017 Results – Earnings Call …” on July 25, 2017, also Fool.com published article titled: “Here’s Why HealthStream, Inc. Stock Is Soaring”, Businesswire.com published: “HealthStream to Broadcast Its Fourth Quarter 2017 Earnings Conference Call …” on February 14, 2018. 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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