HealthStream (NASDAQ:HSTM) Upgraded by Wall Street Zen to Buy Rating

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

HSTM has been the subject of a number of other reports. Canaccord Genuity Group upped their price objective on shares of HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, HealthStream currently has an average rating of “Hold” and a consensus price target of $27.00.

HealthStream Price Performance

HealthStream stock opened at $29.38 on Friday. The firm has a 50 day simple moving average of $28.14 and a 200-day simple moving average of $24.34. The stock has a market capitalization of $858.34 million, a PE ratio of 40.81, a price-to-earnings-growth ratio of 3.40 and a beta of 0.44. HealthStream has a 12-month low of $19.50 and a 12-month high of $31.11.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. HealthStream had a return on equity of 6.81% and a net margin of 6.60%.The firm had revenue of $83.73 million for the quarter, compared to analyst estimates of $80.82 million. On average, analysts forecast that HealthStream will post 0.72 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were issued a dividend of $0.035 per share. The ex-dividend date was Monday, August 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream’s payout ratio is currently 19.44%.

Insiders Place Their Bets

In related news, Director Linda Rebrovick sold 6,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $29.00, for a total value of $174,000.00. Following the completion of the sale, the director directly owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. This represents a 10.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in HealthStream in the 2nd quarter worth approximately $111,184,000. California State Teachers Retirement System grew its holdings in shares of HealthStream by 2,733.4% during the 2nd quarter. California State Teachers Retirement System now owns 593,069 shares of the technology company’s stock valued at $16,161,000 after acquiring an additional 572,138 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of HealthStream by 43.8% during the 1st quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock valued at $26,441,000 after acquiring an additional 389,186 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of HealthStream in the second quarter worth $6,199,000. Finally, JPMorgan Chase & Co. increased its stake in shares of HealthStream by 302.0% in the second quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company’s stock worth $6,860,000 after acquiring an additional 186,231 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.