HSTM combines a consistent earnings-beat track record and excellent cash conversion with a rich valuation, elevated leverage, and a negative risk-reward asymmetry now that its price target has effectively been reached.
Thesis pillars
- Strong Earnings Beat Track Record→Stable
- Excellent Cash Conversion Quality→Stable
- Rich Valuation With Limited Upside→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 5, 2026, based on the 10-K filed Feb 27, 2026
HealthStream, Inc. (HSTM) Stock Analysis
Range Bound setup
Healthcare · Health Information Services
Wait for pullback to $31.78. Price sits above the model's entry target of $31.78; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining.
HealthStream provides SaaS-based workforce development solutions to U.S. healthcare organizations, spanning learning and compliance training, clinical competency development, staff scheduling, and credentialing/privileging through its hStream technology platform. The company,... Read more
Wait for pullback to $31.78. Price sits above the model's entry target of $31.78; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining. Chart setup: RSI 52 mid-range, Bollinger mid-band. Earnings today. Wait until post-earnings. Score 5.2/10, moderate confidence.
Passes 2/7 gates (semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and clean insider activity and earnings proximity 0d<=7d. Suitability: aggressive.
Recent developments
updated 2026-11-02Recent Developments — HealthStream, Inc.
Latest news
- NEWS HealthStream Inc (HSTM) Valuation: PE, PB & Fair Value Analysis - TradingKey — TradingKey neutral
- NEWS HealthStream Inc (HSTM) Valuation: PE, PB & Fair Value Analysis - tradingkey.com — tradingkey.com neutral
- NEWS PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.'s HealthStream Inc(HSTM) Holding History - GuruFocus — GuruFocus neutral
- NEWS Dimensional Fund Advisors LP Grows Position in HealthStream, Inc. $HSTM - MarketBeat — MarketBeat positive
- NEWS HSTM|HealthStream Inc|Price:29.490|Chg%:+0.640 - tradingkey.com — tradingkey.com neutral
Generated 2026-11-02T11:58:13Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerhealthcare industry10-K Item 1A: 'our lack of market diversification resulting from our concentration on the healthcare industry may make us susceptible to losing market share to our competitors'
- MEDIUMCustomerhealthcare provider customers10-K Item 1: 'We derive a substantial portion of our revenues from a relatively small number of customers that are healthcare providers.'
Material Events(8-K, last 90d)
- 2026-05-08Item 5.02LOWMichael M. Collier was promoted to Chief Operating Officer and EVP from EVP, Corporate Strategy, Development & Operations, effective May 4, 2026, and granted options for 18,781 shares. Routine promotion, not a departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $31.78. Price sits above the model's entry target of $31.78; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining. Chart setup: RSI 52 mid-range, Bollinger mid-band. Earnings today. Wait until post-earnings. Analyst target $29.75 reached (−11.7%), stop $29.96 (−12.5%), A.R:R -1.4:1. Score 5.2/10, moderate confidence.
Analyst target $29.75 reached (−11.7% from $33.70); no take-profit level is published. Analyst target $29.75 reached (−11.7%), stop $29.96 (−12.5%), A.R:R -1.4:1. Stop-loss: $29.96.
Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining; Expensive valuation.
HealthStream, Inc. trades at a P/E of 46.8 (forward 38.1). TrendMatrix value score: 3.3/10. Verdict: Buy (Wait for Entry).
12 analysts cover HSTM with a consensus score of 3.8/5. Average price target: $35.
What does HealthStream, Inc. do?HealthStream provides SaaS-based workforce development solutions to U.S. healthcare organizations, spanning learning...
HealthStream provides SaaS-based workforce development solutions to U.S. healthcare organizations, spanning learning and compliance training, clinical competency development, staff scheduling, and credentialing/privileging through its hStream technology platform. The company, organized as a single reportable segment since 2023, derives a substantial portion of its subscription-based revenue from a relatively small number of healthcare-provider customers, though no single customer exceeded 10% of 2025 revenue, and has grown through acquisitions including Virsys12 and MissionCare Collective in 2