HealthStream (NASDAQ:HSTM) Cut to Hold at Craig Hallum

Craig Hallum downgraded shares of HealthStream (NASDAQ:HSTM) from a buy rating to a hold rating in a report published on Tuesday, Marketbeat reports. They currently have $40.00 price target on the technology company’s stock.

A number of other research firms have also issued reports on HSTM. Citigroup reaffirmed a “market perform” rating on shares of HealthStream in a report on Tuesday, October 27th. Canaccord Genuity Group lifted their price objective on shares of HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Finally, Freedom Capital upgraded shares of HealthStream to a “hold” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.00.

HealthStream Trading Down 8.9%

Shares of NASDAQ:HSTM opened at $29.60 on Tuesday. HealthStream has a twelve month low of $19.50 and a twelve month high of $35.60. The firm has a market cap of $864.91 million, a P/E ratio of 42.29, a P/E/G ratio of 3.76 and a beta of 0.45. The company has a 50 day moving average of $31.20 and a 200-day moving average of $25.79.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, November 2nd. The technology company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 6.37% and a net margin of 6.25%. The firm had revenue of $83.31 million during the quarter, compared to the consensus estimate of $82.24 million. Equities research analysts forecast that HealthStream will post 0.72 EPS for the current year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Monday, November 16th will be paid a $0.0350 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. HealthStream’s dividend payout ratio (DPR) is currently 19.44%.

Insider Activity

In other HealthStream news, CEO Robert Frist, Jr. sold 144,068 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was 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 approximately $115,257,621. The trade was a 3.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 of the company’s stock, valued at approximately $1,376,515. The trade was a 23.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HealthStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its position in HealthStream by 3.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,755 shares of the technology company’s stock worth $349,000 after buying an additional 423 shares in the last quarter. Bridge City Capital LLC increased its stake in shares of HealthStream by 17.6% in the third quarter. Bridge City Capital LLC now owns 60,860 shares of the technology company’s stock worth $1,808,000 after acquiring an additional 9,095 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of HealthStream during the third quarter worth $160,000. Vise Technologies Inc. raised its holdings in shares of HealthStream by 35.4% during the third quarter. Vise Technologies Inc. now owns 14,043 shares of the technology company’s stock worth $417,000 after acquiring an additional 3,671 shares in the last quarter. Finally, Summit Global Investments raised its holdings in shares of HealthStream by 7.5% during the third quarter. Summit Global Investments now owns 14,696 shares of the technology company’s stock worth $437,000 after acquiring an additional 1,022 shares in the last quarter. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

About HealthStream

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.