HealthStream (NASDAQ:HSTM – Get Rating) was downgraded by StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Tuesday.
Separately, Canaccord Genuity Group upped their price target on shares of HealthStream from $22.00 to $24.00 in a research report on Wednesday, July 27th.
Get HealthStream alerts:HealthStream Price Performance
NASDAQ:HSTM opened at $24.00 on Tuesday. The firm has a 50 day simple moving average of $21.81 and a 200-day simple moving average of $21.20. The firm has a market cap of $733.68 million, a PE ratio of 104.35, a P/E/G ratio of 8.14 and a beta of 0.43. HealthStream has a 1-year low of $18.51 and a 1-year high of $30.86.
HealthStream (NASDAQ:HSTM – Get Rating) last issued its quarterly earnings results on Monday, July 25th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. HealthStream had a net margin of 2.73% and a return on equity of 2.70%. The firm had revenue of $65.60 million during the quarter, compared to analyst estimates of $66.27 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. HealthStream's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that HealthStream will post 0.3 earnings per share for the current fiscal year.Insiders Place Their Bets
In other HealthStream news, Director Jeffrey L. Mclaren sold 5,000 shares of the business's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $24.17, for a total transaction of $120,850.00. Following the completion of the sale, the director now directly owns 13,065 shares in the company, valued at $315,781.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 21.20% of the stock is owned by insiders.
Institutional Investors Weigh In On HealthStream
Institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP boosted its stake in shares of HealthStream by 25.2% in the fourth quarter. GSA Capital Partners LLP now owns 62,145 shares of the technology company's stock valued at $1,638,000 after purchasing an additional 12,497 shares during the period. Acadian Asset Management LLC boosted its stake in shares of HealthStream by 5.7% in the fourth quarter. Acadian Asset Management LLC now owns 539,606 shares of the technology company's stock valued at $14,199,000 after purchasing an additional 29,254 shares during the period. Granite Investment Partners LLC boosted its stake in shares of HealthStream by 4.2% in the fourth quarter. Granite Investment Partners LLC now owns 822,183 shares of the technology company's stock valued at $21,673,000 after purchasing an additional 32,851 shares during the period. Inspire Investing LLC purchased a new position in shares of HealthStream in the first quarter valued at $235,000. Finally, AM Investment Strategies LLC boosted its stake in shares of HealthStream by 7.3% in the first quarter. AM Investment Strategies LLC now owns 72,368 shares of the technology company's stock valued at $1,442,000 after purchasing an additional 4,900 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
About HealthStream
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HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation and account management services.
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- Get a free copy of the StockNews.com research report on HealthStream (HSTM)
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