HealthStream (NASDAQ:HSTM) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, March 14th.
A number of other research analysts have also recently commented on HSTM. Zacks Investment Research cut HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Cantor Fitzgerald reiterated a “hold” rating and set a $24.00 price objective on shares of HealthStream in a research note on Monday, February 12th. BidaskClub upgraded HealthStream from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. William Blair restated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 13th. Finally, Barrington Research restated a “buy” rating and issued a $32.00 target price on shares of HealthStream in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. HealthStream currently has an average rating of “Hold” and a consensus target price of $25.86.
Shares of HSTM traded down $0.41 during mid-day trading on Wednesday, reaching $24.33. 44,260 shares of the company were exchanged, compared to its average volume of 110,912. The company has a market capitalization of $779.53, a price-to-earnings ratio of 90.11, a price-to-earnings-growth ratio of 5.43 and a beta of 0.73. HealthStream has a 52 week low of $21.15 and a 52 week high of $31.53.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The firm had revenue of $62.76 million during the quarter, compared to the consensus estimate of $61.98 million. HealthStream had a return on equity of 2.73% and a net margin of 4.04%. research analysts predict that HealthStream will post 0.28 EPS for the current fiscal year.
In other news, Director C Martin Harris sold 10,452 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $24.06, for a total value of $251,475.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gerard M. Hayden, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $24.32, for a total value of $608,000.00. The disclosure for this sale can be found here. Insiders sold a total of 96,452 shares of company stock valued at $2,348,975 in the last three months. Corporate insiders own 21.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of HSTM. Teacher Retirement System of Texas purchased a new position in shares of HealthStream in the 4th quarter worth $215,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of HealthStream by 59.5% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 9,570 shares of the technology company’s stock worth $224,000 after buying an additional 3,570 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of HealthStream in the 3rd quarter worth $237,000. Virginia Retirement Systems ET AL purchased a new position in shares of HealthStream in the 3rd quarter worth $264,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of HealthStream in the 4th quarter worth $278,000. 71.03% of the stock is owned by institutional investors and hedge funds.
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HealthStream Company Profile
HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.
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