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
Healthcare · Health Information Services
Hold if already holding. Not a fresh buy at $33.73, 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 $33.73, but acceptable to hold if already in. Reasons: Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. 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 4d<=7d. Suitability: aggressive.
Recent developments
updated 2026-10-29Recent 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 2026-10-29T11:14:33Z.
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
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 $33.73, but acceptable to hold if already in. Reasons: Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Analyst target $29.75 reached (−11.8%), stop $31.85 (−5.9%), A.R:R -1.0:1. Score 5.2/10, moderate confidence.
Analyst target $29.75 reached (−11.8% from $33.73); no take-profit level is published. Analyst target $29.75 reached (−11.8%), stop $31.85 (−5.9%), A.R:R -1.0:1. Stop-loss: $31.85.
Concentration risk — Customer: healthcare industry; Analyst target reached - limited upside remaining; Earnings in 4 days (event risk).
HealthStream, Inc. trades at a P/E of 46.8 (forward 38.1). TrendMatrix value score: 3.3/10. 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