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

StockNews.com lowered shares of HealthStream (NASDAQ:HSTM) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.

A number of other research analysts also recently weighed in on the company. William Blair reissued an outperform rating on shares of HealthStream in a research note on Tuesday, February 20th. Barclays started coverage on HealthStream in a research note on Wednesday, January 3rd. They issued an overweight rating and a $32.00 target price on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $32.00.

HealthStream Stock Down 1.9 %

Shares of HSTM opened at $25.92 on Wednesday. The stock’s fifty day simple moving average is $26.16 and its 200-day simple moving average is $25.88. The firm has a market capitalization of $787.97 million, a PE ratio of 44.69, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36. HealthStream has a 12-month low of $20.47 and a 12-month high of $29.12.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. Analysts anticipate that HealthStream will post 0.51 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be paid a $0.028 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 dividend on an annualized basis and a yield of 0.43%. HealthStream’s payout ratio is 18.97%.

Insider Transactions at HealthStream

In related news, 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 value of $184,380.00. Following the completion of the transaction, the senior vice president now directly owns 14,693 shares in the company, valued at approximately $387,013.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Michael Sousa sold 15,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the senior vice president now directly owns 14,693 shares in the company, valued at $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by insiders.

Institutional Trading of HealthStream

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of 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 acquired a new position in HealthStream during the 3rd quarter worth approximately $30,000. Parallel Advisors LLC boosted its position in HealthStream by 79.4% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after acquiring an additional 501 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of HealthStream during the 3rd quarter worth approximately $34,000. Finally, Diversified Trust Co acquired a new stake in shares of HealthStream in the first quarter valued at approximately $213,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

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.