HealthStream Inc. (HSTM) Upgraded to Hold by Zacks Investment Research
According to Zacks, “Healthstream Inc. is pioneering a Web-based solution to meet the training and education needs of the healthcare industry utilizing our proprietary system. Through strategic relationships with medical institutions and commercial organizations, the company has amassed hours of training and education courses. The company distributes hours of these courses online to allied healthcare professionals, nurses, doctors and other healthcare workers. “
A number of other brokerages have also weighed in on HSTM. Canaccord Genuity reissued a buy rating and issued a $32.00 price objective on shares of HealthStream in a report on Tuesday, August 9th. Craig Hallum lowered HealthStream from a buy rating to a hold rating and dropped their target price for the stock from $35.00 to $27.00 in a report on Friday, November 4th. FBR & Co reaffirmed a buy rating on shares of HealthStream in a report on Wednesday, August 10th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $28.00 target price (down from $32.00) on shares of HealthStream in a report on Sunday, November 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $26.50.
HealthStream (NASDAQ:HSTM) opened at 25.32 on Monday. The company has a 50 day moving average of $25.68 and a 200-day moving average of $25.56. HealthStream has a one year low of $17.80 and a one year high of $28.84. The stock has a market capitalization of $803.63 million, a P/E ratio of 139.89 and a beta of 1.21.
HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The firm earned $58.40 million during the quarter, compared to analyst estimates of $58.70 million. HealthStream had a net margin of 2.63% and a return on equity of 3.13%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. Equities research analysts predict that HealthStream will post $0.21 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new position in HealthStream during the second quarter valued at $109,000. Royal Bank of Canada increased its position in HealthStream by 11.1% in the second quarter. Royal Bank of Canada now owns 4,581 shares of the company’s stock valued at $122,000 after buying an additional 456 shares during the period. Mason Street Advisors LLC purchased a new position in HealthStream during the second quarter valued at $127,000. Municipal Employees Retirement System of Michigan increased its position in HealthStream by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,420 shares of the company’s stock valued at $150,000 after buying an additional 90 shares during the period. Finally, Morgan Stanley increased its position in HealthStream by 124.5% in the third quarter. Morgan Stanley now owns 6,862 shares of the company’s stock valued at $190,000 after buying an additional 3,806 shares during the period. Institutional investors and hedge funds own 72.87% of the company’s stock.
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.
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