Zacks Investment Research lowered shares of HealthStream (NASDAQ:HSTM) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

According to Zacks, “HealthStream’s suite of solutions is contracted by healthcare employees in the U.S. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. Based in Nashville, Tennessee, HealthStream has additional offices in Brentwood, Tennessee; Jericho, New York; Boulder, Colorado; Chicago, Illinois and San Diego, California. “

Several other research analysts have also recently issued reports on the company. ValuEngine raised HealthStream from a hold rating to a buy rating in a research report on Wednesday, January 2nd. BidaskClub raised HealthStream from a sell rating to a hold rating in a research report on Thursday, December 13th. Barrington Research reissued a hold rating on shares of HealthStream in a research report on Thursday, December 6th. Finally, TheStreet cut HealthStream from a b- rating to a c+ rating in a research report on Tuesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. HealthStream has a consensus rating of Hold and a consensus target price of $26.60.

HSTM stock opened at $24.79 on Friday. HealthStream has a 12-month low of $21.15 and a 12-month high of $31.86. The firm has a market capitalization of $799.08 million, a P/E ratio of 91.81, a PEG ratio of 3.70 and a beta of 0.76.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, October 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $59.93 million during the quarter, compared to analysts’ expectations of $58.22 million. HealthStream had a return on equity of 4.00% and a net margin of 14.23%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. As a group, research analysts forecast that HealthStream will post 0.39 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P boosted its position in shares of HealthStream by 1.9% in the 3rd quarter. Martingale Asset Management L P now owns 95,536 shares of the technology company’s stock valued at $2,963,000 after purchasing an additional 1,826 shares during the period. Rhumbline Advisers boosted its position in shares of HealthStream by 3.6% in the 2nd quarter. Rhumbline Advisers now owns 61,136 shares of the technology company’s stock valued at $1,670,000 after purchasing an additional 2,137 shares during the period. Wells Fargo & Company MN boosted its position in shares of HealthStream by 5.8% in the 3rd quarter. Wells Fargo & Company MN now owns 42,062 shares of the technology company’s stock valued at $1,304,000 after purchasing an additional 2,307 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in shares of HealthStream by 24.0% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 13,437 shares of the technology company’s stock valued at $417,000 after purchasing an additional 2,600 shares during the period. Finally, Stone Ridge Asset Management LLC boosted its position in shares of HealthStream by 18.4% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 17,979 shares of the technology company’s stock valued at $558,000 after purchasing an additional 2,794 shares during the period. 73.43% 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 HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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