Recent Analysts’ Ratings Changes for HealthStream (HSTM)

HealthStream (NASDAQ: HSTM) has recently received a number of price target changes and ratings updates:

  • 10/26/2018 – HealthStream was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HealthStream’s suite of solutions is contracted by healthcare employees in the U.S. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. Based in Nashville, Tennessee, HealthStream has additional offices in Brentwood, Tennessee; Jericho, New York; Boulder, Colorado; Chicago, Illinois and San Diego, California. “
  • 10/24/2018 – HealthStream was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock. According to Zacks, “HealthStream’s suite of solutions is contracted by healthcare employees in the U.S. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. Based in Nashville, Tennessee, HealthStream has additional offices in Brentwood, Tennessee; Jericho, New York; Boulder, Colorado; Chicago, Illinois and San Diego, California. “
  • 10/23/2018 – HealthStream had its “hold” rating reaffirmed by analysts at Barrington Research. They wrote, “We believe the timing of the product introduction is very important as the company’s current agreement with Laerdal, its current partner, expires at the end of 2018. The company added a fourth partner to its resuscitation venture in Q3/18.””
  • 10/17/2018 – HealthStream had its “hold” rating reaffirmed by analysts at Barrington Research. They wrote, “We expect HealthStream to report Q3/18 revenue of $58.7 million, which is 1% greater than the FactSet consensus of $58.3 million. Our revenue forecast represents a year-over-year decline of 8% and a sequential increase of 3%. Solutions (PES) business, which was divested in February 2018, our revenue forecast calls for year-over-year growth of 7%.””
  • 9/14/2018 – HealthStream was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of HSTM traded up $0.13 during trading hours on Wednesday, hitting $25.97. The company had a trading volume of 297,657 shares, compared to its average volume of 145,819. The firm has a market capitalization of $849.19 million, a PE ratio of 96.19, a PEG ratio of 4.07 and a beta of 0.84. HealthStream, Inc. has a 12 month low of $21.15 and a 12 month high of $31.86.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, October 22nd. The technology company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The company had revenue of $59.93 million for the quarter, compared to analyst estimates of $58.22 million. HealthStream had a net margin of 14.23% and a return on equity of 4.00%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. As a group, sell-side analysts expect that HealthStream, Inc. will post 0.38 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of HealthStream by 10.1% in the second quarter. BlackRock Inc. now owns 3,739,560 shares of the technology company’s stock valued at $102,128,000 after purchasing an additional 343,896 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of HealthStream by 14.2% in the third quarter. Conestoga Capital Advisors LLC now owns 1,773,237 shares of the technology company’s stock valued at $54,988,000 after purchasing an additional 220,863 shares during the period. Dimensional Fund Advisors LP raised its position in shares of HealthStream by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,508,142 shares of the technology company’s stock valued at $41,187,000 after purchasing an additional 54,836 shares during the period. Renaissance Technologies LLC raised its position in shares of HealthStream by 379.2% in the second quarter. Renaissance Technologies LLC now owns 306,200 shares of the technology company’s stock valued at $8,362,000 after purchasing an additional 242,300 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of HealthStream by 22.2% in the third quarter. Prudential Financial Inc. now owns 268,037 shares of the technology company’s stock valued at $8,312,000 after purchasing an additional 48,732 shares during the period. 72.62% of the stock is currently owned by institutional investors.

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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