HealthStream (NASDAQ:HSTM) Stock Rating Upgraded by Freedom Capital

HealthStream (NASDAQ:HSTM) was upgraded by analysts at Freedom Capital to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

HSTM has been the subject of a number of other reports. Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. Canaccord Genuity Group boosted their target price on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

HealthStream Stock Down 0.3%

HSTM opened at $33.65 on Tuesday. The stock has a market cap of $983.25 million, a price-to-earnings ratio of 46.74, a PEG ratio of 3.91 and a beta of 0.42. HealthStream has a twelve month low of $19.50 and a twelve month high of $34.48. The company’s 50-day moving average price is $29.66 and its two-hundred day moving average price is $26.48.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The firm had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. As a group, sell-side analysts anticipate that HealthStream will post 0.72 earnings per share for the current year.

Insider Transactions at HealthStream

In other HealthStream news, CEO Robert Frist, Jr. sold 144,068 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $29.50, for a total value of $4,250,006.00. Following the completion of the transaction, the chief executive officer directly owned 3,907,038 shares of the company’s stock, valued at $115,257,621. This trade represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of HealthStream by 5.2% in the third quarter. GAMMA Investing LLC now owns 21,686 shares of the technology company’s stock worth $644,000 after buying an additional 1,076 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in HealthStream during the second quarter valued at $222,000. Tidal Investments LLC bought a new stake in HealthStream during the second quarter valued at $575,000. Integrated Wealth Concepts LLC purchased a new position in HealthStream during the second quarter worth about $27,000. Finally, Squarepoint Ops LLC purchased a new position in HealthStream during the second quarter worth about $222,000. Institutional investors own 69.58% of the company’s stock.

About HealthStream

HealthStream, Inc provides workforce solutions for the healthcare industry. The company develops software and services designed to help healthcare organizations manage employee learning, performance, credentialing, and other workforce-related processes.

Its offerings include online learning and education management, workforce development tools, competency and performance management, and credentialing solutions. HealthStream also provides content and administrative services intended to support regulatory compliance, professional development, and operational efficiency for healthcare employers.

Based in Nashville, Tennessee, HealthStream primarily serves healthcare organizations in the United States, including hospitals, health systems, medical practices, and other healthcare providers.