HealthStream (NASDAQ:HSTM) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of HealthStream (NASDAQ:HSTM) from a buy rating to a hold rating in a research note released on Sunday,Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group upped their target price on shares of HealthStream from $29.00 to $32.00 and gave the company a “hold” rating in a report on Wednesday, November 4th. Craig Hallum cut shares of HealthStream from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Tuesday, November 3rd. Citigroup reiterated a “market perform” rating on shares of HealthStream in a report on Tuesday, October 27th. Freedom Capital raised shares of HealthStream to a “hold” rating in a research note on Tuesday, October 13th. Finally, Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.00.

HealthStream Price Performance

NASDAQ HSTM opened at $28.89 on Friday. HealthStream has a fifty-two week low of $19.50 and a fifty-two week high of $35.60. The business has a fifty day moving average of $31.20 and a 200-day moving average of $25.83. The stock has a market cap of $844.17 million, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 3.01 and a beta of 0.45.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, November 2nd. The technology company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $83.31 million for the quarter, compared to analyst estimates of $82.24 million. HealthStream had a return on equity of 6.37% and a net margin of 6.25%. As a group, analysts anticipate that HealthStream will post 0.80 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be given a $0.0350 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream’s payout ratio is currently 20.00%.

Insider Transactions at HealthStream

In other HealthStream news, EVP Kevin P. O’hara sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $31.11, for a total value of $124,440.00. Following the sale, the executive vice president directly owned 18,901 shares of the company’s stock, valued at approximately $588,010.11. This trade represents a 17.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott Alexander Roberts sold 9,500 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $32.26, for a total value of $306,470.00. Following the completion of the sale, the chief financial officer directly owned 29,160 shares in the company, valued at approximately $940,701.60. The trade was a 24.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 194,149 shares of company stock valued at $5,844,892. Corporate insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Aberdeen Group plc purchased a new stake in shares of HealthStream during the 3rd quarter valued at $2,987,000. Russell Investments Group Ltd. increased its holdings in shares of HealthStream by 12.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 92,038 shares of the technology company’s stock worth $2,736,000 after buying an additional 9,882 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of HealthStream by 3.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,755 shares of the technology company’s stock worth $349,000 after buying an additional 423 shares during the period. Bridge City Capital LLC raised its position in shares of HealthStream by 17.6% in the 3rd quarter. Bridge City Capital LLC now owns 60,860 shares of the technology company’s stock worth $1,808,000 after buying an additional 9,095 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of HealthStream in the 3rd quarter worth $160,000. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

More HealthStream News

Here are the key news stories impacting HealthStream this week:

• Positive Sentiment: Buy rating upgrade: Zacks upgraded HSTM to Rank #2 (Buy), citing improving earnings prospects, which could support investor optimism. Zacks article
• Positive Sentiment: Raised guidance: HealthStream lifted its outlook, a potentially positive sign for expected business performance, although the article raises the question of whether prior gains already reflect the news. Yahoo Finance article
• Neutral Sentiment: Analyst views remain cautious: Canaccord Genuity raised its price target to $32 from $29 but maintained a Hold rating; Craig Hallum also moved its rating to Hold. These calls suggest limited conviction despite the higher target. Canaccord rating information Craig Hallum rating article
• Negative Sentiment: Multiple insider sales: On November 5, EVP Michael Manning Collier, CFO Scott Alexander Roberts, Director Deborah Tate and EVP Kevin O’Hara sold a combined 38,081 shares. Each reduced their individual holdings, a cluster of transactions that may weigh on sentiment, though insider sales alone do not establish a change in the company’s outlook. Collier SEC filing Roberts SEC filing Tate SEC filing O’Hara SEC filing

About HealthStream

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.