Wall Street Zen Upgrades HealthStream (NASDAQ:HSTM) to Buy

HealthStream (NASDAQ:HSTM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other research analysts have also weighed in on HSTM. Canaccord Genuity Group dropped their target price on HealthStream from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of HealthStream in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

HealthStream Price Performance

Shares of NASDAQ HSTM traded down $0.12 during mid-day trading on Friday, reaching $24.65. 177,383 shares of the company’s stock traded hands, compared to its average volume of 181,502. The business has a 50-day simple moving average of $27.26 and a 200 day simple moving average of $27.69. The stock has a market cap of $730.65 million, a P/E ratio of 36.79, a PEG ratio of 3.08 and a beta of 0.43. HealthStream has a 1-year low of $24.07 and a 1-year high of $34.24.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, November 3rd. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $76.47 million for the quarter, compared to analyst estimates of $75.52 million. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. HealthStream has set its FY 2025 guidance at EPS. Equities research analysts anticipate that HealthStream will post 0.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HealthStream news, EVP Kevin P. O’hara sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total value of $55,940.00. Following the completion of the sale, the executive vice president directly owned 17,137 shares of the company’s stock, valued at $479,321.89. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 20.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HSTM. Tower Research Capital LLC TRC increased its holdings in HealthStream by 241.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock worth $67,000 after acquiring an additional 1,702 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in HealthStream by 62.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,010 shares during the period. State of Wyoming bought a new position in HealthStream during the second quarter worth about $106,000. Virtus Advisers LLC purchased a new stake in shares of HealthStream during the 1st quarter valued at approximately $161,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in shares of HealthStream by 14.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,843 shares of the technology company’s stock valued at $162,000 after buying an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

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.