HealthStream (NASDAQ:HSTM) Downgraded by StockNews.com to “Buy”

HealthStream (NASDAQ:HSTM) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Several other research analysts have also weighed in on the stock. William Blair restated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. Barclays started coverage on shares of HealthStream in a research report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Stock Down 1.9 %

HSTM traded down $0.49 on Wednesday, reaching $25.92. The company had a trading volume of 207,620 shares, compared to its average volume of 105,466. HealthStream has a 1 year low of $20.47 and a 1 year high of $29.12. The stock has a market capitalization of $787.97 million, a PE ratio of 44.69, a P/E/G ratio of 3.94 and a beta of 0.36. The stock has a 50-day moving average price of $26.16 and a 200-day moving average price of $25.88.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The firm had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. During the same period in the previous year, the company earned $0.12 earnings per share. HealthStream’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts expect that HealthStream will post 0.51 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Trisha L. Coady sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the sale, the senior vice president now directly owns 14,693 shares in the company, valued at $387,013.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the sale, the executive vice president now 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 can be accessed through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the firm’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 transaction of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares in the company, valued at approximately $387,013.62. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

Institutional Trading of HealthStream

A number of hedge funds have recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in HealthStream by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock worth $1,590,000 after acquiring an additional 463 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in HealthStream by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 13,658 shares of the technology company’s stock worth $369,000 after purchasing an additional 493 shares during the period. Parallel Advisors LLC raised its stake in HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after purchasing an additional 501 shares during the period. New York State Common Retirement Fund raised its stake in HealthStream by 11.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,214 shares of the technology company’s stock worth $249,000 after purchasing an additional 955 shares during the period. Finally, Signaturefd LLC raised its stake in 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 purchasing an additional 983 shares during the period. 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.