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

HealthStream (NASDAQ:HSTMGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Separately, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.00.

View Our Latest Report on HSTM

HealthStream Trading Up 3.6 %

NASDAQ:HSTM opened at $27.01 on Friday. The firm has a market capitalization of $821.05 million, a PE ratio of 46.57, a price-to-earnings-growth ratio of 3.98 and a beta of 0.38. The stock has a 50 day moving average of $25.98 and a 200-day moving average of $26.01. HealthStream has a 52 week low of $20.47 and a 52 week high of $29.12.

HealthStream (NASDAQ:HSTMGet Free Report) last posted its earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. As a group, analysts predict that HealthStream will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at HealthStream

In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $619,320 in the last three months. 20.60% of the stock is currently owned by company insiders.

Institutional Trading of HealthStream

Several large investors have recently added to or reduced their stakes in HSTM. SG Americas Securities LLC acquired a new position in shares of HealthStream in the third quarter worth $252,000. Strs Ohio increased its stake in shares of HealthStream by 10.7% in the third quarter. Strs Ohio now owns 27,900 shares of the technology company’s stock worth $602,000 after acquiring an additional 2,700 shares during the last quarter. Cambiar Investors LLC increased its stake in shares of HealthStream by 21.2% in the third quarter. Cambiar Investors LLC now owns 111,321 shares of the technology company’s stock worth $2,402,000 after acquiring an additional 19,499 shares during the last quarter. Signaturefd LLC increased its stake in shares of HealthStream by 568.2% in the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock worth $25,000 after acquiring an additional 983 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of HealthStream by 295.6% in the third quarter. Assenagon Asset Management S.A. now owns 133,712 shares of the technology company’s stock worth $2,886,000 after acquiring an additional 99,913 shares during the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

About HealthStream

(Get Free Report)

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.

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