HealthStream (NASDAQ:HSTM) Rating Lowered to Buy at StockNews.com

HealthStream (NASDAQ:HSTM) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Several other brokerages have also issued reports on HSTM. William Blair restated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Barclays initiated coverage on HealthStream in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Stock Performance

HSTM opened at $25.92 on Wednesday. The firm has a market cap of $787.97 million, a P/E ratio of 44.66, a P/E/G ratio of 4.21 and a beta of 0.36. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The stock has a 50-day moving average of $26.13 and a 200 day moving average of $25.88.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that HealthStream will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the sale, the executive vice president now owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

Institutional Trading of HealthStream

A number of hedge funds have recently bought and sold shares of HSTM. Signaturefd LLC lifted its holdings in HealthStream by 568.2% during the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock worth $25,000 after buying an additional 983 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in HealthStream during the third quarter worth $30,000. Parallel Advisors LLC lifted its holdings in HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after buying an additional 501 shares during the period. Quantbot Technologies LP purchased a new stake in HealthStream during the third quarter worth $34,000. Finally, Diversified Trust Co purchased a new stake in HealthStream during the first quarter worth $213,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.