HealthStream (NASDAQ:HSTM) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of HealthStream (NASDAQ:HSTM) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning.

A number of other equities analysts also recently commented on HSTM. Barclays started coverage on HealthStream in a research report on Wednesday, January 3rd. They set an overweight rating and a $32.00 price objective on the stock. William Blair reiterated an outperform rating on shares of HealthStream in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $32.00.

HealthStream Trading Down 1.2 %

NASDAQ:HSTM opened at $25.61 on Wednesday. The company has a market cap of $778.54 million, a P/E ratio of 44.16, a P/E/G ratio of 4.00 and a beta of 0.36. HealthStream has a twelve month low of $20.47 and a twelve month high of $29.12. The company’s 50-day moving average price is $26.05 and its 200-day moving average price is $25.90.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $72.80 million during the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. HealthStream’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, analysts expect that HealthStream will post 0.54 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, May 3rd. HealthStream’s payout ratio is presently 18.97%.

Insider Activity at HealthStream

In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the transaction, the senior vice president now owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Sousa sold 15,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the transaction, the executive vice president now owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HealthStream

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in HealthStream by 82.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock valued at $910,000 after purchasing an additional 15,425 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of HealthStream in the first quarter valued at $213,000. Quadrature Capital Ltd purchased a new stake in shares of HealthStream in the 4th quarter valued at $311,000. Parallel Advisors LLC lifted its stake in HealthStream by 79.4% during the 4th quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after acquiring an additional 501 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in HealthStream by 14.8% during the 4th quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock valued at $11,013,000 after acquiring an additional 52,652 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Company Profile

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.