HealthStream (NASDAQ:HSTM) Raised to “Buy” at Wall Street Zen

HealthStream (NASDAQ:HSTM) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the company. Freedom Capital upgraded HealthStream to a “hold” rating in a report on Tuesday, October 13th. Canaccord Genuity Group increased their price target on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Citigroup reissued a “market perform” rating on shares of HealthStream in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.00.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $33.70 on Friday. The company has a market cap of $984.71 million, a price-to-earnings ratio of 46.81, a price-to-earnings-growth ratio of 3.90 and a beta of 0.45. The stock’s 50 day simple moving average is $30.94 and its 200 day simple moving average is $25.59. HealthStream has a 12-month low of $19.50 and a 12-month high of $35.60.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. As a group, equities analysts forecast that HealthStream will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert A. Frist, Jr. sold 144,068 shares of HealthStream stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the sale, the chief executive officer owned 3,907,038 shares in the company, valued at $115,257,621. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Linda Rebrovick sold 12,000 shares of the firm’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $35.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director owned 39,329 shares in the company, valued at approximately $1,376,515. The trade was a 23.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On HealthStream

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of HealthStream during the second quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HealthStream by 76.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock worth $28,000 after buying an additional 444 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of HealthStream in the second quarter worth approximately $31,000. Essential Partners LLC purchased a new position in HealthStream in the first quarter valued at about $25,000. Finally, Signaturefd LLC raised its holdings in HealthStream by 107.9% during the 3rd quarter. Signaturefd LLC now owns 3,194 shares of the technology company’s stock valued at $95,000 after acquiring an additional 1,658 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.