HealthStream (NASDAQ:HSTM) Stock Gets Downgrade from Craig Hallum

HealthStream (NASDAQ:HSTM – Get Free Report) was downgraded by Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Marketbeat.com reports. They presently have a $40.00 price target on the technology company’s stock. Craig Hallum‘s target price points to a potential upside of 22.49% from the stock’s current price.

HSTM has been the topic of a number of other reports. Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup reiterated a “market perform” rating on shares of HealthStream in a report on Tuesday, October 27th. Canaccord Genuity Group lifted their price target on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Freedom Capital raised shares of HealthStream to a “hold” rating in a report on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $33.50.

Read Our Latest Analysis on HealthStream

HealthStream Stock Performance

Shares of HSTM traded down $1.93 during mid-day trading on Tuesday, reaching $32.66. 370,115 shares of the company were exchanged, compared to its average volume of 251,210. The business has a 50 day simple moving average of $31.05 and a two-hundred day simple moving average of $25.65. The stock has a market capitalization of $954.02 million, a PE ratio of 45.65, a PEG ratio of 3.90 and a beta of 0.45. HealthStream has a 52 week low of $19.50 and a 52 week high of $35.60.

HealthStream (NASDAQ:HSTM – Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The firm had revenue of $83.31 million during the quarter, compared to analyst estimates of $82.24 million. On average, analysts predict that HealthStream will post 0.72 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert Frist, Jr. sold 144,068 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $115,257,621. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Rebrovick sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $35.00, for a total transaction of $420,000.00. Following the sale, the director owned 39,329 shares in the company, valued at $1,376,515. The trade was a 23.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Institutional investors have recently modified their holdings of the company. Essential Partners LLC purchased a new stake in HealthStream in the first quarter worth approximately $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of HealthStream in the 2nd quarter valued at $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of HealthStream by 76.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock valued at $28,000 after purchasing an additional 444 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of HealthStream in the 2nd quarter valued at $31,000. Finally, Meeder Asset Management Inc. bought a new position in shares of HealthStream during the 1st quarter valued at $81,000. 69.58% of the stock is currently owned by institutional investors.

Key HealthStream News

Here are the key news stories impacting HealthStream this week:

HealthStream Company Profile

(Get Free Report)

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company’s offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.

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Analyst Recommendations for HealthStream (NASDAQ:HSTM)

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