BidaskClub upgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a buy rating in a report published on Saturday.
Several other research analysts have also recently weighed in on HSTM. ValuEngine cut shares of HealthStream from a hold rating to a sell rating in a report on Monday, February 5th. Zacks Investment Research upgraded shares of HealthStream from a sell rating to a hold rating in a report on Wednesday, February 7th. Cantor Fitzgerald restated a hold rating and set a $24.00 price target on shares of HealthStream in a report on Monday, February 12th. William Blair restated an outperform rating on shares of HealthStream in a report on Tuesday, February 13th. Finally, Barrington Research restated a buy rating and set a $32.00 price target on shares of HealthStream in a report on Monday, February 26th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $26.14.
HealthStream stock opened at $27.70 on Friday. HealthStream has a fifty-two week low of $21.15 and a fifty-two week high of $31.53. The stock has a market cap of $894.79 million, a P/E ratio of 89.35, a PEG ratio of 5.41 and a beta of 0.75.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. HealthStream had a net margin of 13.42% and a return on equity of 3.48%. The business had revenue of $62.76 million for the quarter, compared to analysts’ expectations of $61.98 million. analysts predict that HealthStream will post 0.32 EPS for the current year.
In other HealthStream news, insider Jeffrey Doster sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $245,700.00. Following the transaction, the insider now directly owns 45,235 shares in the company, valued at $1,111,423.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Gerard M. Hayden, Jr. sold 14,226 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $26.99, for a total transaction of $383,959.74. Following the completion of the transaction, the chief financial officer now owns 30,290 shares in the company, valued at $817,527.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,623 shares of company stock worth $3,628,877. Corporate insiders own 21.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in shares of HealthStream by 48.6% in the third quarter. Wells Fargo & Company MN now owns 32,362 shares of the technology company’s stock valued at $756,000 after purchasing an additional 10,581 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of HealthStream by 8.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 108,075 shares of the technology company’s stock valued at $2,504,000 after purchasing an additional 8,324 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of HealthStream by 17.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,755,050 shares of the technology company’s stock valued at $40,647,000 after purchasing an additional 257,400 shares during the period. Bessemer Group Inc. bought a new stake in shares of HealthStream in the fourth quarter valued at approximately $422,000. Finally, Algert Global LLC raised its position in shares of HealthStream by 11.9% in the fourth quarter. Algert Global LLC now owns 93,274 shares of the technology company’s stock valued at $2,160,000 after purchasing an additional 9,922 shares during the period. Hedge funds and other institutional investors own 69.19% of the company’s stock.
HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in 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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