ValuEngine downgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.
Several other brokerages have also recently weighed in on HSTM. Cantor Fitzgerald reissued a hold rating and set a $24.00 price objective on shares of HealthStream in a research note on Monday, February 12th. Barrington Research reissued a buy rating and set a $32.00 price objective on shares of HealthStream in a research note on Monday, February 26th. Zacks Investment Research raised HealthStream from a sell rating to a hold rating in a research note on Wednesday, February 7th. William Blair reissued an outperform rating on shares of HealthStream in a research note on Tuesday, February 13th. Finally, BidaskClub cut HealthStream from a hold rating to a sell rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. HealthStream has an average rating of Hold and a consensus price target of $25.86.
Shares of HealthStream (HSTM) opened at $24.56 on Wednesday. HealthStream has a 52 week low of $21.15 and a 52 week high of $31.53. The firm has a market capitalization of $800.04, a P/E ratio of 104.04, a price-to-earnings-growth ratio of 5.57 and a beta of 0.83.
The firm also recently announced a special dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Tuesday, March 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 5th.
In other HealthStream news, CFO Gerard M. Hayden, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $24.32, for a total transaction of $608,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Martin Harris sold 10,452 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were 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. Insiders have sold 81,452 shares of company stock valued at $1,979,525 in the last 90 days. Company insiders own 21.10% of the company’s stock.
Large investors have recently made changes to their positions in the business. Stevens Capital Management LP purchased a new position in shares of HealthStream during the third quarter valued at approximately $367,000. BNP Paribas Arbitrage SA boosted its position in shares of HealthStream by 65.6% during the third quarter. BNP Paribas Arbitrage SA now owns 13,466 shares of the technology company’s stock valued at $315,000 after buying an additional 5,335 shares during the period. Bessemer Group Inc. purchased a new position in shares of HealthStream during the fourth quarter valued at approximately $422,000. Wells Fargo & Company MN boosted its position in shares of HealthStream by 48.6% during the third quarter. Wells Fargo & Company MN now owns 32,362 shares of the technology company’s stock valued at $756,000 after buying an additional 10,581 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in shares of HealthStream during the third quarter valued at approximately $448,000. Institutional investors and hedge funds own 70.97% of the company’s stock.
HealthStream Company Profile
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.
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