HealthStream (NASDAQ:HSTM) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday, March 7th.
Several other research firms have also issued reports on HSTM. Zacks Investment Research lowered shares of HealthStream from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Cantor Fitzgerald reissued a “hold” rating and issued a $24.00 price target on shares of HealthStream in a report on Monday, February 12th. BidaskClub raised shares of HealthStream from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 13th. Finally, Barrington Research reiterated a “buy” rating and issued a $32.00 price target on shares of HealthStream in a research note on Monday, February 26th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.86.
HealthStream (NASDAQ:HSTM) opened at $24.97 on Wednesday. The company has a market capitalization of $800.36, a P/E ratio of 104.08, a PEG ratio of 5.58 and a beta of 0.83. HealthStream has a fifty-two week low of $21.15 and a fifty-two week high of $31.53.
In other news, insider Jeffrey Doster sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $245,700.00. Following the sale, 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 legal filing with the SEC, which is available at the SEC website. Also, Director William Stead sold 15,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $24.41, for a total transaction of $366,150.00. Following the completion of the sale, the director now directly owns 36,006 shares in the company, valued at $878,906.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,452 shares of company stock valued at $1,979,525. Corporate insiders own 21.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HSTM. Teacher Retirement System of Texas bought a new stake in HealthStream during the fourth quarter valued at approximately $215,000. Municipal Employees Retirement System of Michigan grew its position in shares of HealthStream by 59.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,570 shares of the technology company’s stock valued at $224,000 after purchasing an additional 3,570 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of HealthStream in the third quarter valued at $237,000. Virginia Retirement Systems ET AL purchased a new stake in shares of HealthStream in the third quarter valued at $264,000. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of HealthStream in the fourth quarter valued at $278,000. 70.97% of the stock is currently owned by hedge funds and other institutional investors.
HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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