HealthStream (NASDAQ:HSTM) Upgraded to “Hold” at Freedom Capital

Freedom Capital upgraded shares of HealthStream (NASDAQ:HSTM) to a hold rating in a research report sent to investors on Tuesday,Zacks reports.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group upped their target price on shares of HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.00.

HealthStream Stock Down 0.3%

Shares of HSTM opened at $33.65 on Tuesday. HealthStream has a 12-month low of $19.50 and a 12-month high of $34.48. The firm has a market capitalization of $983.25 million, a PE ratio of 46.74, a price-to-earnings-growth ratio of 3.91 and a beta of 0.42. The stock’s fifty day simple moving average is $29.66 and its 200-day simple moving average is $26.48.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. 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 was paid on Friday, August 28th. Shareholders of record on Monday, August 17th were given a dividend of $0.0350 per share. The ex-dividend date was Monday, August 17th. This represents a $0.14 annualized dividend and a dividend yield of 0.4%. HealthStream’s payout ratio is presently 19.44%.

Insider Buying and Selling at HealthStream

In other news, CEO Robert Frist, Jr. sold 144,068 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $29.50, for a total value of $4,250,006.00. Following the transaction, the chief executive officer owned 3,907,038 shares of the company’s stock, valued at $115,257,621. This represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HealthStream

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in HealthStream during the 2nd quarter worth approximately $111,184,000. Dimensional Fund Advisors LP grew its holdings in HealthStream by 6.4% during 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 purchasing an additional 87,177 shares during the period. Copeland Capital Management LLC increased its stake 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 purchasing an additional 389,186 shares in the last quarter. Renaissance Technologies LLC increased its stake in HealthStream by 0.5% in the first 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in HealthStream by 21.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 377,945 shares of the technology company’s stock valued at $7,827,000 after purchasing an additional 65,806 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

HealthStream Company Profile

HealthStream, Inc provides workforce solutions for the healthcare industry. The company develops software and services designed to help healthcare organizations manage employee learning, performance, credentialing, and other workforce-related processes.

Its offerings include online learning and education management, workforce development tools, competency and performance management, and credentialing solutions. HealthStream also provides content and administrative services intended to support regulatory compliance, professional development, and operational efficiency for healthcare employers.

Based in Nashville, Tennessee, HealthStream primarily serves healthcare organizations in the United States, including hospitals, health systems, medical practices, and other healthcare providers.