Zacks Investment Research upgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a buy rating in a research report released on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $30.00 price objective on the technology company’s stock.
According to Zacks, “HealthStream’s suite of solutions is contracted by healthcare employees in the U.S. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. Based in Nashville, Tennessee, HealthStream has additional offices in Brentwood, Tennessee; Jericho, New York; Boulder, Colorado; Chicago, Illinois and San Diego, California. “
Several other equities analysts have also recently commented on HSTM. Barrington Research reissued a buy rating and set a $8.00 target price on shares of Sirius XM in a research note on Wednesday, April 24th. ValuEngine raised shares of XCel Brands from a sell rating to a hold rating in a research note on Tuesday, July 9th. Finally, BidaskClub raised shares of Zai Lab from a hold rating to a buy rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $27.33.
HSTM stock opened at $26.16 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.02 and a current ratio of 2.02. HealthStream has a fifty-two week low of $23.06 and a fifty-two week high of $31.86. The business has a 50-day moving average price of $25.56. The firm has a market cap of $847.32 million, a PE ratio of 60.84, a PEG ratio of 6.64 and a beta of 0.67.
HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, April 22nd. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.08. HealthStream had a net margin of 5.93% and a return on equity of 4.68%. The business had revenue of $65.20 million for the quarter, compared to analysts’ expectations of $61.19 million. During the same quarter last year, the company earned $0.11 EPS. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, analysts expect that HealthStream will post 0.34 earnings per share for the current fiscal year.
In other HealthStream news, Director Linda Rebrovick sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $25.90, for a total transaction of $388,500.00. Following the transaction, the director now owns 52,726 shares of the company’s stock, valued at approximately $1,365,603.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 20.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in HSTM. American Century Companies Inc. increased its stake in HealthStream by 202.1% during the 4th quarter. American Century Companies Inc. now owns 291,098 shares of the technology company’s stock valued at $7,030,000 after buying an additional 194,753 shares during the period. Bank of America Corp DE grew its stake in shares of HealthStream by 37.5% in the 4th quarter. Bank of America Corp DE now owns 426,035 shares of the technology company’s stock worth $10,289,000 after purchasing an additional 116,140 shares during the last quarter. Granite Investment Partners LLC grew its stake in shares of HealthStream by 18.5% in the 1st quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock worth $17,483,000 after purchasing an additional 97,269 shares during the last quarter. BlackRock Inc. grew its stake in shares of HealthStream by 1.6% in the 4th quarter. BlackRock Inc. now owns 4,051,752 shares of the technology company’s stock worth $97,848,000 after purchasing an additional 63,320 shares during the last quarter. Finally, AJO LP grew its stake in shares of HealthStream by 78.1% in the 1st quarter. AJO LP now owns 140,946 shares of the technology company’s stock worth $3,955,000 after purchasing an additional 61,804 shares during the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.
HealthStream Company Profile
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 training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.
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