Robert W. Baird cut shares of HealthStream (NASDAQ:HSTM) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday. The brokerage currently has $24.00 price target on the technology company’s stock.
Several other analysts have also issued reports on HSTM. ValuEngine raised HealthStream from a sell rating to a hold rating in a report on Thursday, February 22nd. Barrington Research reissued a buy rating and set a $32.00 target price on shares of HealthStream in a report on Monday, February 26th. Zacks Investment Research raised HealthStream from a hold rating to a buy rating and set a $27.00 target price on the stock in a report on Wednesday, April 25th. BidaskClub lowered HealthStream from a hold rating to a sell rating in a report on Wednesday, May 2nd. Finally, Canaccord Genuity reissued a hold rating and set a $26.00 target price on shares of HealthStream in a report on Wednesday, May 2nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $25.57.
HSTM opened at $27.94 on Wednesday. The firm has a market cap of $903.18 million, a PE ratio of 90.19, a P/E/G ratio of 4.92 and a beta of 0.76. HealthStream has a 52-week low of $21.15 and a 52-week high of $31.53.
HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, April 30th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $54.90 million for the quarter, compared to analyst estimates of $55.85 million. HealthStream had a return on equity of 3.48% and a net margin of 13.42%. HealthStream’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. research analysts anticipate that HealthStream will post 0.33 earnings per share for the current year.
In related news, CFO Gerard M. Hayden, Jr. sold 14,226 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $26.99, for a total transaction of $383,959.74. Following the completion of the sale, the chief financial officer now directly owns 30,290 shares in the company, valued at approximately $817,527.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director C Martin Harris sold 3,415 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $26.58, for a total value of $90,770.70. Following the sale, the director now owns 24,794 shares of the company’s stock, valued at $659,024.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,171 shares of company stock valued at $1,279,902. 21.10% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Stevens Capital Management LP bought a new stake in shares of HealthStream during the 1st quarter worth $203,000. Victory Capital Management Inc. bought a new stake in shares of HealthStream during the 1st quarter worth $210,000. Teacher Retirement System of Texas bought a new stake in shares of HealthStream during the 4th quarter worth $215,000. Barclays PLC lifted its position in shares of HealthStream by 45.6% during the 1st quarter. Barclays PLC now owns 9,444 shares of the technology company’s stock worth $235,000 after buying an additional 2,958 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in HealthStream in the first quarter valued at about $241,000. Institutional investors and hedge funds own 71.14% of the company’s stock.
HealthStream Company Profile
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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