HealthStream, Inc. (HSTM) – What Are Brokerages Thinking About This Stock?

Shares of HealthStream, Inc. (NASDAQ:HSTM – Get Free Report) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.50.

A number of brokerages recently commented on HSTM. Freedom Capital upgraded shares of HealthStream to a “hold” rating in a research report on Tuesday, October 13th. Weiss Ratings raised HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Canaccord Genuity Group lifted their price objective on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Citigroup reissued a “market perform” rating on shares of HealthStream in a research note on Tuesday, October 27th. Finally, Wall Street Zen upgraded HealthStream from a “hold” rating to a “buy” rating in a research report on Saturday.

Check Out Our Latest Analysis on HealthStream

HealthStream Stock Down 5.2%

Shares of NASDAQ HSTM traded down $1.80 during trading hours on Tuesday, reaching $32.78. 375,320 shares of the stock traded hands, compared to its average volume of 251,210. The company has a market capitalization of $957.67 million, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 3.90 and a beta of 0.45. HealthStream has a 52-week low of $19.50 and a 52-week high of $35.60. The company’s 50-day simple moving average is $31.05 and its two-hundred day simple moving average is $25.65.

HealthStream (NASDAQ:HSTM – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The company had revenue of $83.31 million during the quarter, compared to analysts’ expectations of $82.24 million. As a group, sell-side analysts forecast that HealthStream will post 0.72 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Monday, November 16th will be given a $0.0350 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.14 annualized dividend and a yield of 0.4%. HealthStream’s payout ratio is presently 19.44%.

Key HealthStream News

Here are the key news stories impacting HealthStream this week:

Insider Buying and Selling

In other news, Director Linda Rebrovick sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $35.00, for a total value of $420,000.00. Following the transaction, the director owned 39,329 shares in the company, valued at approximately $1,376,515. This trade represents a 23.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert Frist, Jr. sold 144,068 shares of HealthStream stock in a transaction on Monday, September 14th. The stock was sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the completion of the transaction, the chief executive officer directly owned 3,907,038 shares in the company, valued at approximately $115,257,621. The trade was a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Several hedge funds and other institutional investors have recently modified their holdings of HSTM. Bridge City Capital LLC lifted its holdings in HealthStream by 17.6% in the third quarter. Bridge City Capital LLC now owns 60,860 shares of the technology company’s stock worth $1,808,000 after buying an additional 9,095 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of HealthStream during the 3rd quarter worth approximately $160,000. Vise Technologies Inc. grew its holdings in shares of HealthStream by 35.4% during the 3rd quarter. Vise Technologies Inc. now owns 14,043 shares of the technology company’s stock worth $417,000 after acquiring an additional 3,671 shares during the period. Summit Global Investments grew its holdings in shares of HealthStream by 7.5% during the 3rd quarter. Summit Global Investments now owns 14,696 shares of the technology company’s stock worth $437,000 after acquiring an additional 1,022 shares during the period. Finally, Signaturefd LLC raised its position in shares of HealthStream by 107.9% in the 3rd quarter. Signaturefd LLC now owns 3,194 shares of the technology company’s stock worth $95,000 after acquiring an additional 1,658 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Company Profile

(Get Free Report)

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.

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Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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