Todays Report: Today, HealthStream Inc. (HSTM) gets “Sell” status at The Zacks Investment Research

Today, HealthStream Inc. (HSTM) gets “Sell” status at The Zacks Investment Research

HealthStream Inc. (NASDAQ:HSTM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Healthstream Inc. is pioneering a Web-based solution to meet the training and education needs of the healthcare industry utilizing our proprietary system. Through strategic relationships with medical institutions and commercial organizations, the company has amassed hours of training and education courses. The company distributes hours of these courses online to allied healthcare professionals, nurses, doctors and other healthcare workers. “

Other equities analysts have also issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price (down from $32.00) on shares of HealthStream in a research report on Sunday, November 6th. Canaccord Genuity reiterated a “buy” rating and set a $32.00 target price on shares of HealthStream in a research report on Sunday, September 11th. FBR & Co reiterated a “buy” rating on shares of HealthStream in a research report on Wednesday, August 10th. First Analysis lowered shares of HealthStream from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $30.00 to $27.00 in a research report on Wednesday, July 27th. Finally, Craig Hallum lowered shares of HealthStream from a “buy” rating to a “hold” rating and reduced their target price for the stock from $35.00 to $27.00 in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. HealthStream has an average rating of “Hold” and a consensus price target of $26.50.

HealthStream (NASDAQ:HSTM) traded up 4.35% during trading on Tuesday, reaching $26.15. 61,441 shares of the company’s stock traded hands. HealthStream has a 12 month low of $17.80 and a 12 month high of $28.84. The company has a market cap of $829.97 million, a P/E ratio of 144.48 and a beta of 1.21. The firm’s 50 day moving average is $25.84 and its 200 day moving average is $25.46.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. The firm earned $58.40 million during the quarter, compared to analyst estimates of $58.70 million. HealthStream had a net margin of 2.63% and a return on equity of 3.13%. HealthStream’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. Analysts anticipate that HealthStream will post $0.21 EPS for the current year.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of HealthStream by 3.3% in the second quarter. Vanguard Group Inc. now owns 2,009,693 shares of the company’s stock valued at $53,296,000 after buying an additional 64,548 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of HealthStream by 8.2% in the third quarter. BlackRock Fund Advisors now owns 1,910,247 shares of the company’s stock valued at $52,723,000 after buying an additional 144,773 shares during the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of HealthStream by 4.2% in the third quarter. Conestoga Capital Advisors LLC now owns 1,327,530 shares of the company’s stock valued at $36,640,000 after buying an additional 53,920 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HealthStream by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,067,799 shares of the company’s stock valued at $28,318,000 after buying an additional 29,880 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of HealthStream by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 632,830 shares of the company’s stock valued at $17,466,000 after buying an additional 2,396 shares during the last quarter. 70.57% of the stock is owned by hedge funds and other institutional investors.

About HealthStream

HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.

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