HealthStream (NASDAQ:HSTM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “HealthStream is dedicated to improving patient outcomes through the development of healthcare organizations’ greatest asset: their people. Their unified suite of solutions is contracted by, collectively, over 4.5 million healthcare employees in the U.S. for workforce development, training & learning management, talent management, performance assessment, and managing simulation-based education programs. Their research solutions provide valuable insight to healthcare providers to meet HCAHPS requirements, improve the patient experience, engage their workforce, and enhance physician alignment. Their provider solutions offer healthcare providers innovative tools to support healthcare organizations in appropriately credentialing and privileging their workforce. “
Several other brokerages have also recently commented on HSTM. Robert W. Baird dropped their target price on shares of HealthStream from $30.00 to $28.00 and set an “outperform” rating for the company in a research report on Wednesday, October 25th. Canaccord Genuity reaffirmed a “hold” rating and set a $25.00 price target on shares of HealthStream in a report on Monday, October 23rd. Needham & Company LLC lowered shares of HealthStream from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, ValuEngine raised shares of HealthStream from a “sell” rating to a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.83.
Shares of HealthStream (NASDAQ HSTM) traded up $0.30 during trading hours on Wednesday, hitting $23.25. 77,900 shares of the stock traded hands, compared to its average volume of 96,833. The firm has a market cap of $732.02, a PE ratio of 129.17, a PEG ratio of 4.84 and a beta of 0.91. HealthStream has a one year low of $20.60 and a one year high of $31.53.
HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, October 23rd. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $63.60 million during the quarter, compared to analysts’ expectations of $62.48 million. HealthStream had a net margin of 2.36% and a return on equity of 2.46%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS. equities research analysts anticipate that HealthStream will post 0.23 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can grew its holdings in shares of HealthStream by 1.1% during the 2nd quarter. Bank of Montreal Can now owns 5,720 shares of the technology company’s stock valued at $151,000 after purchasing an additional 65 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in HealthStream during the 2nd quarter worth approximately $205,000. BNP Paribas Arbitrage SA grew its holdings in HealthStream by 53.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,131 shares of the technology company’s stock worth $214,000 after acquiring an additional 2,849 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in HealthStream by 59.5% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 9,570 shares of the technology company’s stock worth $224,000 after acquiring an additional 3,570 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in HealthStream during the 3rd quarter worth approximately $237,000. 74.32% of the stock is currently owned by institutional investors.
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HealthStream, Inc (HealthStream) provides workforce, patient experience and provider solutions for healthcare organizations. The Company operates in three segments: HealthStream Workforce Solutions, HealthStream Patient Experience Solutions and HealthStream Provider Solutions. HealthStream’s products and services are organized into three segments: Workforce Solutions, Patient Experience Solutions, and Provider Solutions.
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