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↑Improving
- Excellent Cash Conversion Quality→Stable
- Rich Valuation With Limited Upside→Stable
- +2 more pillars — see the Why tab for full reasoning
HealthStream, Inc. (HSTM) Stock Analysis
Range Bound setup
Healthcare · Health Information Services
Hold if already holding. Not a fresh buy at $28.64, but acceptable to hold if already in. Reasons: 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
Hold if already holding. Not a fresh buy at $28.64, but acceptable to hold if already in. Reasons: Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining. Chart setup: RSI 58 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 5.7/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 83d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-08-11Recent 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 2026-08-14T11:47:20Z.
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.
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Rating Breakdown
1 floor-breaker
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $28.64, but acceptable to hold if already in. Reasons: Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining. Chart setup: RSI 58 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Target $29.32 (+2.4%), stop $26.60 (−7.7%), A.R:R 0.3:1. Score 5.7/10, moderate confidence.
Take-profit target: $29.32 (+2.5% upside). Target $29.32 (+2.4%), stop $26.60 (−7.7%), A.R:R 0.3:1. Stop-loss: $26.60.
Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining; Expensive valuation.
HealthStream, Inc. trades at a P/E of 39.7 (forward 34.0). TrendMatrix value score: 3.7/10. Verdict: Hold.
11 analysts cover HSTM with a consensus score of 3.9/5. 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