Small-cap investor Jim Oberweis, whose firm manages some $800 million, says HealthStream is one of the best fundamental stories in his space heading into 2012. The regulatory changes underway in health care will only add to its momentum. HealthStream shares (Ticker: HSTM) have more than doubled in 2011.
Avondale Partners analyst Richard Close sees very good things ahead for HealthStream following the health education provider's $55 million stock offering. He has raised his price target for HealthStream shares (Ticker: HSTM) to $20 from $17.50 and says revenues — especially patient surveys — and earnings could surprise to the upside in 2012. That should help the stock, which closed Tuesday trading at $16.16, reach valuations similar to those of other health care IT and technology learning names.
Frank Sparacino at First Analysis isn't quite so bullish, though: He has lowered his rating to 'equal weight' from 'overweight' and is sticking to his $16 price target.
Health education and research company HealthStream has put a bow on the stock offering it launched earlier this month. Underwriters took on the extra shares available, which lifted to more than $55 million the new growth capital available to downtown-based HealthStream, shares of which (Ticker: HSTM) have more than doubled this year.
After launching its stock offering earlier this week, HealthStream has now announced the pricing at $16.25 per share. That's 3 percent below where it closed Thursday (Ticker: HSTM) but above the Monday close before it announced the offering.
The net proceeds to the Company of the public offering after deducting underwriting discounts and commissions and estimated expenses are expected to be approximately $47.7 million (or approximately $55.2 million if the underwriters exercise their over-allotment in full). The Company intends to use the net proceeds from the public offering for working capital and general corporate purposes and/or to acquire or invest in strategic businesses, products, or technologies. The Company will not receive any proceeds from the sale of shares made by the selling shareholders.
The good news won't stop for HealthStream investors. Shares of the health care education and research company are up more than 3 percent this afternoon, rising into positive territory for the week and setting a new all-time high of $15.68. Year to date, the stock is up about 94 percent. It climbed 103 percent in 2010.
Fred Lowrance at locally based Avondale Partners says Gaylord Entertainment "remains on track to achieve its lofty second half goals" even though there's some skepticism about the performance of the Washington, D.C., area, where the company runs its Gaylord National resort. But Lowrance says the property is likely to do better than the region as a whole, which will help drive momentum for the company (Ticker: GET) heading toward 2012.
We sense that some investors may have forgotten that prior year Opryland flood-related bookings adjustments wound up sending several groups to National (highest priced rooms in the GET system) at much lower Opryland rates — depressing 3Q’10 National rates. Any lingering softness is likely offset by robust Opryland performance as well as improving results at the Palms and Texan resorts.
Lowrance's Avondale colleague Richard Close is impressed with HealthStream's Q3 numbers — the momentum is "solid considering significant structural changes expected to occur in healthcare" — and says investors should consider taking advantage of today's pullback in the stock (Ticker: HSTM), which is due primarily to revenue coming in "only" in line with expectations. Close has reiterated his 'market outperform' rating and $17.50 price target.
HealthTeacher is rolling out to tens of thousands of teachers a software app teaching them and their students to use deep abdominal breathing techniques that reduce anxiety and stress.
Every teacher wants and needs to have a calmer classroom, but ﬁtting it in to the already overbooked day is a challenge. “HealthTeacher created the deep breathing app to enable teachers to incorporate the practice into their tight schedules and have meaningful impact on students’ emotional, physical and mental well-being in just two minutes,” said Vice President of Product, John Herbold. “Teachers can easily display the app on an interactive whiteboard or screen and use the related lesson plans and student activities to further the learning related to the positive health beneﬁts of deep breathing.”
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