HealthStream (NASDAQ:HSTM) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of HealthStream (NASDAQ:HSTM) from a buy rating to a hold rating in a report released on Saturday morning.

Several other equities analysts have also issued reports on HSTM. Canaccord Genuity Group raised their price target on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.00.

HealthStream Stock Down 0.3%

Shares of NASDAQ:HSTM opened at $28.78 on Friday. The stock has a market cap of $840.81 million, a PE ratio of 39.97, a PEG ratio of 3.34 and a beta of 0.44. The company’s fifty day moving average is $27.88 and its 200 day moving average is $24.09. HealthStream has a 52 week low of $19.50 and a 52 week high of $31.11.

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

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 17th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. HealthStream’s dividend payout ratio (DPR) is presently 19.44%.

Insider Transactions at HealthStream

In other HealthStream news, Director Linda Rebrovick sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the transaction, the director owned 51,329 shares of the company’s stock, valued at $1,488,541. This represents a 10.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HealthStream

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of HealthStream during the second quarter valued at approximately $111,184,000. Dimensional Fund Advisors LP boosted its holdings in HealthStream by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock valued at $30,156,000 after acquiring an additional 87,177 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in HealthStream by 43.8% in the first quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock valued at $26,441,000 after acquiring an additional 389,186 shares in the last quarter. California State Teachers Retirement System increased its position in HealthStream by 2,733.4% during the 2nd quarter. California State Teachers Retirement System now owns 593,069 shares of the technology company’s stock valued at $16,161,000 after purchasing an additional 572,138 shares during the period. Finally, Renaissance Technologies LLC increased its position in HealthStream by 0.5% during the 1st quarter. Renaissance Technologies LLC now owns 477,848 shares of the technology company’s stock valued at $9,896,000 after purchasing an additional 2,380 shares during the period. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.