HealthStream (NASDAQ:HSTM) Upgraded to Hold by BidaskClub

Posted by on Nov 22nd, 2019

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HealthStream (NASDAQ:HSTM) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

A number of other equities analysts have also issued reports on the company. Barrington Research reissued a “market perform” rating on shares of HealthStream in a report on Thursday, July 25th. Zacks Investment Research raised HealthStream from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Thursday, October 24th. Finally, ValuEngine lowered HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. HealthStream has a consensus rating of “Hold” and a consensus price target of $29.00.

HSTM stock traded up $0.28 on Thursday, reaching $27.59. The company’s stock had a trading volume of 90,600 shares, compared to its average volume of 124,985. HealthStream has a 52 week low of $23.06 and a 52 week high of $30.00. The company has a market capitalization of $881.02 million, a P/E ratio of 64.16, a price-to-earnings-growth ratio of 5.50 and a beta of 0.64. The firm has a fifty day moving average of $26.99 and a two-hundred day moving average of $26.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.24 and a quick ratio of 2.24.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Tuesday, October 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. HealthStream had a return on equity of 4.14% and a net margin of 5.92%. The business had revenue of $62.50 million during the quarter, compared to analyst estimates of $62.91 million. During the same period in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that HealthStream will post 0.41 EPS for the current fiscal year.

In other HealthStream news, Director Tate Deborah Taylor sold 6,495 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $27.96, for a total transaction of $181,600.20. Following the completion of the transaction, the director now directly owns 16,181 shares of the company’s stock, valued at approximately $452,420.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 20.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackay Shields LLC boosted its stake in HealthStream by 98.7% during the 3rd quarter. Mackay Shields LLC now owns 97,626 shares of the technology company’s stock valued at $2,527,000 after purchasing an additional 48,500 shares in the last quarter. California Public Employees Retirement System boosted its stake in HealthStream by 30.0% during the 3rd quarter. California Public Employees Retirement System now owns 51,718 shares of the technology company’s stock valued at $1,339,000 after purchasing an additional 11,944 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in HealthStream by 40.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 20,151 shares of the technology company’s stock valued at $522,000 after purchasing an additional 5,837 shares in the last quarter. Rhumbline Advisers boosted its stake in HealthStream by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 81,481 shares of the technology company’s stock valued at $2,110,000 after purchasing an additional 3,340 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in HealthStream by 50.2% during the 3rd quarter. Alberta Investment Management Corp now owns 64,000 shares of the technology company’s stock valued at $1,657,000 after purchasing an additional 21,400 shares in the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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