HealthStream (NASDAQ:HSTM) Downgraded by StockNews.com to “Buy”

HealthStream (NASDAQ:HSTM) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

HSTM has been the subject of a number of other research reports. William Blair reiterated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. Barclays started coverage on HealthStream in a report on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price target for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Price Performance

Shares of NASDAQ:HSTM traded down $0.49 during trading hours on Wednesday, hitting $25.92. 207,620 shares of the company’s stock traded hands, compared to its average volume of 105,466. HealthStream has a 1 year low of $20.47 and a 1 year high of $29.12. The business has a fifty day moving average price of $26.16 and a 200-day moving average price of $25.88. The firm has a market capitalization of $787.97 million, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. HealthStream had a return on equity of 5.22% and a net margin of 6.30%. The business had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts predict that HealthStream will post 0.51 earnings per share for the current year.

Insiders Place Their Bets

In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the sale, the executive vice president now owns 42,525 shares in the company, valued at $1,158,806.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other HealthStream 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 transaction of $184,380.00. Following the completion of the sale, the senior vice president now owns 14,693 shares in the company, valued at $387,013.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Sousa sold 15,000 shares of the company’s 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 sale, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On HealthStream

A number of large investors have recently made changes to their positions in HSTM. SG Americas Securities LLC acquired a new position in shares of HealthStream during the third quarter worth $252,000. Summit Global Investments acquired a new position in shares of HealthStream during the third quarter worth $286,000. Exchange Traded Concepts LLC increased its position in shares of HealthStream by 126.2% during the third quarter. Exchange Traded Concepts LLC now owns 58,353 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 32,553 shares in the last quarter. Strs Ohio increased its position in shares of HealthStream by 10.7% during the third quarter. Strs Ohio now owns 27,900 shares of the technology company’s stock worth $602,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Cambiar Investors LLC increased its position in shares of HealthStream by 21.2% during the third quarter. Cambiar Investors LLC now owns 111,321 shares of the technology company’s stock worth $2,402,000 after purchasing an additional 19,499 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

About HealthStream

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.