HealthStream (NASDAQ:HSTM – Get Rating) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Thursday.
Separately, Canaccord Genuity Group upped their price target on HealthStream from $22.00 to $24.00 in a research note on Wednesday, July 27th.
Get HealthStream alerts:HealthStream Price Performance
Shares of NASDAQ:HSTM traded up $0.21 during mid-day trading on Thursday, hitting $23.30. The company had a trading volume of 51,398 shares, compared to its average volume of 103,505. HealthStream has a one year low of $18.51 and a one year high of $30.80. The firm has a fifty day moving average price of $22.72 and a 200 day moving average price of $21.19. The company has a market capitalization of $712.28 million, a PE ratio of 101.31, a price-to-earnings-growth ratio of 7.94 and a beta of 0.43.
HealthStream (NASDAQ:HSTM – Get Rating) last posted its quarterly earnings results on Monday, July 25th. The technology company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. HealthStream had a net margin of 2.73% and a return on equity of 2.70%. The business had revenue of $65.60 million during the quarter, compared to analysts' expectations of $66.27 million. During the same period last year, the company posted $0.08 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. Research analysts expect that HealthStream will post 0.3 earnings per share for the current fiscal year.Insider Activity
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 stock was 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 of the company's stock, valued at approximately $315,781.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.20% of the company's stock.
Hedge Funds Weigh In On HealthStream
Several hedge funds have recently modified their holdings of HSTM. Mutual of America Capital Management LLC increased its holdings in HealthStream by 12.2% during the second quarter. Mutual of America Capital Management LLC now owns 4,083 shares of the technology company's stock worth $89,000 after buying an additional 444 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in HealthStream by 4.7% during the second quarter. State of Alaska Department of Revenue now owns 18,388 shares of the technology company's stock valued at $399,000 after purchasing an additional 820 shares during the period. Captrust Financial Advisors increased its position in HealthStream by 30.1% in the first quarter. Captrust Financial Advisors now owns 4,344 shares of the technology company's stock worth $87,000 after buying an additional 1,005 shares during the last quarter. Summit Global Investments raised its stake in shares of HealthStream by 2.5% in the fourth quarter. Summit Global Investments now owns 45,700 shares of the technology company's stock valued at $1,205,000 after buying an additional 1,100 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of HealthStream by 50.9% during the 2nd quarter. Lazard Asset Management LLC now owns 3,447 shares of the technology company's stock valued at $74,000 after buying an additional 1,162 shares during the last quarter. Institutional investors own 73.46% of the company's stock.
HealthStream Company Profile
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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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