BidaskClub upgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a buy rating in a research report released on Saturday.
Several other equities research analysts also recently weighed in on HSTM. ValuEngine downgraded HealthStream from a hold rating to a sell rating in a report on Monday, February 5th. Zacks Investment Research raised HealthStream from a sell rating to a hold rating in a report on Wednesday, February 7th. Cantor Fitzgerald reaffirmed a hold rating and set a $24.00 target price on shares of HealthStream in a research report on Monday, February 12th. William Blair reaffirmed an outperform rating on shares of HealthStream in a research report on Tuesday, February 13th. Finally, Barrington Research reaffirmed a buy rating and set a $32.00 target price on shares of HealthStream in a research report on Monday, February 26th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $26.14.
HealthStream opened at $27.78 on Friday, according to Marketbeat.com. HealthStream has a twelve month low of $21.15 and a twelve month high of $31.53. The firm has a market cap of $894.78 million, a P/E ratio of 102.89, a PEG ratio of 5.41 and a beta of 0.75.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. HealthStream had a return on equity of 3.48% and a net margin of 13.42%. The company had revenue of $62.76 million for the quarter, compared to the consensus estimate of $61.98 million. research analysts forecast that HealthStream will post 0.32 earnings per share for the current year.
In other news, insider Jeffrey Doster sold 10,000 shares of HealthStream stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $245,700.00. Following the completion of the transaction, the insider now directly owns 45,235 shares of the company’s stock, valued at approximately $1,111,423.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director C Martin Harris sold 10,452 shares of HealthStream stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $24.06, for a total value of $251,475.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,623 shares of company stock valued at $3,628,877. 20.60% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in shares of HealthStream in the 1st quarter worth about $203,000. Victory Capital Management Inc. bought a new position in shares of HealthStream in the 1st quarter worth about $210,000. Teacher Retirement System of Texas bought a new position in shares of HealthStream in the 4th quarter worth about $215,000. Barclays PLC raised its position in shares of HealthStream by 45.6% in the 1st quarter. Barclays PLC now owns 9,444 shares of the technology company’s stock worth $235,000 after acquiring an additional 2,958 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of HealthStream in the 1st quarter worth about $241,000. 70.93% of the stock is owned by hedge funds and other institutional investors.
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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