HealthStream (NASDAQ:HSTM) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a buy rating in a report issued on Saturday.

A number of other research firms also recently weighed in on HSTM. Canaccord Genuity Group reduced their target price on shares of HealthStream from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of HealthStream in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, HealthStream has a consensus rating of “Hold” and an average price target of $28.00.

HealthStream Trading Down 0.5%

NASDAQ:HSTM opened at $24.65 on Friday. The company has a 50-day moving average price of $27.26 and a 200-day moving average price of $27.66. The stock has a market cap of $730.65 million, a price-to-earnings ratio of 36.79, a P/E/G ratio of 3.08 and a beta of 0.43. HealthStream has a 12 month low of $24.07 and a 12 month high of $34.24.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. The company had revenue of $76.47 million during the quarter, compared to the consensus estimate of $75.52 million. HealthStream has set its FY 2025 guidance at EPS. Equities analysts forecast that HealthStream will post 0.63 EPS for the current fiscal year.

HealthStream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.12 annualized dividend and a yield of 0.5%. HealthStream’s payout ratio is 17.65%.

Insider Activity at HealthStream

In related news, EVP Kevin P. O’hara sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total value of $55,940.00. Following the transaction, the executive vice president directly owned 17,137 shares of the company’s stock, valued at approximately $479,321.89. This represents a 10.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HealthStream

Several large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in HealthStream by 241.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock worth $67,000 after buying an additional 1,702 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of HealthStream by 62.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,010 shares during the period. State of Wyoming purchased a new position in shares of HealthStream during the second quarter valued at approximately $106,000. Virtus Advisers LLC bought a new position in HealthStream during the first quarter valued at approximately $161,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in HealthStream by 14.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,843 shares of the technology company’s stock valued at $162,000 after purchasing an additional 758 shares during the period. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.