Could HealthStream, Inc. (HSTM) Decrease Even More? The Stock Formed Wedge Down Chart Pattern

February 15, 2018 - By Kurt Siggers

Investors sentiment increased to 1.61 in 2017 Q3. Its up 0.07, from 1.54 in 2017Q2. It increased, 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.
Ahl Prtn Ltd Liability Partnership holds 0.01% or 20,924 shares. Swiss Bank accumulated 45,000 shares. Renaissance Tech Lc accumulated 36,100 shares. Glenmede Trust Communications Na has invested 0% in HealthStream, Inc. (NASDAQ:HSTM). New York State Common Retirement Fund reported 0% stake. State Of Alaska Department Of Revenue holds 5,040 shares or 0.01% of its portfolio. D E Shaw holds 60,407 shares. Parkside Bancorporation And owns 1,924 shares. Stephens Inv Mngmt Lc has 570,870 shares. 32,606 were reported by Oppenheimer Asset. Secor Capital Advsrs Lp has invested 0.07% in HealthStream, Inc. (NASDAQ:HSTM). State Of Tennessee Treasury Department invested 0% of its portfolio in HealthStream, Inc. (NASDAQ:HSTM). Manufacturers Life Ins The invested in 20,163 shares. California Employees Retirement Systems accumulated 62,188 shares. Greenleaf owns 0% invested in HealthStream, Inc. (NASDAQ:HSTM) for 981 shares.

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 firm has “Hold” rating given on Monday, July 24 by Cantor Fitzgerald. Robert W. Baird maintained HealthStream, Inc. (NASDAQ:HSTM) rating on Wednesday, October 25. Robert W. Baird has “Outperform” rating and $28 target. On Monday, June 26 the stock rating was maintained by Cantor Fitzgerald with “Hold”. Robert W. Baird upgraded it to “Outperform” rating and $31 target in Friday, December 2 report. Cantor Fitzgerald maintained HealthStream, Inc. (NASDAQ:HSTM) on Monday, October 23 with “Hold” rating. Robert W. Baird maintained the stock with “Buy” rating in Thursday, August 31 report. As per Wednesday, July 26, the company rating was maintained by Needham. The company was downgraded on Tuesday, August 4 by Zacks. The firm earned “Equal-Weight” rating on Wednesday, July 26 by First Analysis. The firm has “Buy” rating by Needham given on Monday, October 23.

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