HealthStream Inc. (NASDAQ:HSTM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
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. “
Several other equities analysts also recently weighed in on HSTM. Canaccord Genuity downgraded HealthStream from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $24.00 in a research report on Thursday, November 3rd. Craig Hallum downgraded HealthStream from a “buy” rating to a “hold” rating and dropped their target price for the company from $35.00 to $27.00 in a research report on Friday, November 4th. FBR & Co reaffirmed a “buy” rating on shares of HealthStream in a research report on Wednesday, August 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price (down from $32.00) on shares of HealthStream in a research report on Sunday, November 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.50.
HealthStream (NASDAQ:HSTM) traded down 3.17% during trading on Monday, hitting $25.32. The stock’s 50 day moving average is $25.68 and its 200 day moving average is $25.56. HealthStream has a 12 month low of $17.80 and a 12 month high of $28.84. The company has a market cap of $803.63 million, a price-to-earnings ratio of 139.89 and a beta of 1.21.
HealthStream (NASDAQ:HSTM) last released its earnings results on Wednesday, November 2nd. The company reported $0.04 earnings per share for the quarter, missing the 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%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, analysts forecast that HealthStream will post $0.21 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of HSTM. Principal Financial Group Inc. boosted its stake in HealthStream by 3.0% in the second quarter. Principal Financial Group Inc. now owns 171,919 shares of the company’s stock valued at $4,559,000 after buying an additional 5,005 shares during the last quarter. Prudential Financial Inc. boosted its stake in HealthStream by 10.3% in the second quarter. Prudential Financial Inc. now owns 68,952 shares of the company’s stock valued at $1,829,000 after buying an additional 6,440 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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. SECOR Capital Advisors LP acquired a new stake in HealthStream during the second quarter valued at $213,000. Finally, Ameriprise Financial Inc. boosted its stake in HealthStream by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 578,601 shares of the company’s stock valued at $15,343,000 after buying an additional 17,176 shares during the last quarter. Hedge funds and other institutional investors own 72.87% of the company’s stock.
HealthStream Company Profile
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.