HealthStream (NASDAQ:HSTM) Rating Lowered to Hold at Wall Street Zen

HealthStream (NASDAQ:HSTM) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other research firms have also recently weighed in on HSTM. Canaccord Genuity Group upped their price target on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Three analysts have rated the stock with a Hold rating, According to MarketBeat, HealthStream has an average rating of “Hold” and a consensus target price of $27.00.

HealthStream Price Performance

Shares of HSTM opened at $28.87 on Friday. The stock’s 50-day moving average is $27.82 and its two-hundred day moving average is $24.04. The stock has a market cap of $843.58 million, a PE ratio of 40.10, a P/E/G ratio of 3.34 and a beta of 0.44. HealthStream has a 12 month low of $19.50 and a 12 month high of $31.11.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. The company had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. On average, research analysts anticipate that HealthStream will post 0.72 earnings per share for the current year.

Insider Activity

In other news, Director Linda Rebrovick sold 6,000 shares of HealthStream stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the sale, the director directly owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On HealthStream

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in HealthStream during the 2nd quarter worth approximately $172,000. Corient Private Wealth LP acquired a new position in shares of HealthStream in the 2nd quarter valued at approximately $363,000. Bank of America Corp DE purchased a new position in shares of HealthStream during the 2nd quarter valued at approximately $3,349,000. Man Group plc purchased a new position in shares of HealthStream during the 2nd quarter valued at approximately $3,894,000. Finally, Jupiter Topco LLC purchased a new position in shares of HealthStream during the 2nd quarter valued at approximately $298,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.