Zacks Investment Research upgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $30.00 price objective on the technology company’s stock.

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. “

HSTM has been the subject of several other research reports. ValuEngine upgraded XCel Brands from a sell rating to a hold rating in a research report on Tuesday. BidaskClub upgraded Zai Lab from a hold rating to a buy rating in a report on Friday, April 5th. Finally, Barrington Research reiterated a buy rating and issued a $8.00 price target on shares of Sirius XM in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. HealthStream has a consensus rating of Hold and an average price target of $27.33.

Shares of HSTM opened at $26.16 on Wednesday. The company’s fifty day simple moving average is $25.56. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.10. HealthStream has a 12 month low of $23.06 and a 12 month high of $31.86. The stock has a market cap of $847.32 million, a P/E ratio of 60.84, a price-to-earnings-growth ratio of 6.64 and a beta of 0.67.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, April 22nd. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.08. HealthStream had a return on equity of 4.68% and a net margin of 5.93%. The business had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $61.19 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 18.8% on a year-over-year basis. Equities analysts expect that HealthStream will post 0.34 earnings per share for the current fiscal year.

In related news, Director Linda Rebrovick sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $25.90, for a total value of $388,500.00. Following the completion of the sale, the director now owns 52,726 shares in the company, valued at $1,365,603.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of HSTM. American Century Companies Inc. raised its stake in HealthStream by 202.1% in the fourth quarter. American Century Companies Inc. now owns 291,098 shares of the technology company’s stock worth $7,030,000 after buying an additional 194,753 shares in the last quarter. Bank of America Corp DE raised its stake in HealthStream by 37.5% in the fourth quarter. Bank of America Corp DE now owns 426,035 shares of the technology company’s stock worth $10,289,000 after buying an additional 116,140 shares in the last quarter. Granite Investment Partners LLC raised its stake in HealthStream by 18.5% in the first quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock worth $17,483,000 after buying an additional 97,269 shares in the last quarter. BlackRock Inc. raised its stake in HealthStream by 1.6% in the fourth quarter. BlackRock Inc. now owns 4,051,752 shares of the technology company’s stock worth $97,848,000 after buying an additional 63,320 shares in the last quarter. Finally, AJO LP raised its stake in HealthStream by 78.1% in the first quarter. AJO LP now owns 140,946 shares of the technology company’s stock worth $3,955,000 after buying an additional 61,804 shares in the last quarter. 71.49% of the stock is owned by institutional investors.

About HealthStream

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.

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