HealthStream (NASDAQ:HSTM) Upgraded to Buy at Wall Street Zen
by Tristan Rich · The Markets DailyWall Street Zen upgraded shares of HealthStream (NASDAQ:HSTM – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
A number of other research analysts also recently weighed in on HSTM. Weiss Ratings upgraded shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Freedom Capital raised shares of HealthStream to a “hold” rating in a research report on Tuesday, October 13th. Citigroup restated a “market perform” rating on shares of HealthStream in a report on Tuesday. Finally, Canaccord Genuity Group boosted their price target on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, HealthStream currently has a consensus rating of “Hold” and a consensus price target of $27.00.
View Our Latest Research Report on HSTM
HealthStream Price Performance
Shares of HSTM stock opened at $33.70 on Friday. HealthStream has a fifty-two week low of $19.50 and a fifty-two week high of $35.60. The stock’s 50-day moving average is $30.94 and its two-hundred day moving average is $25.59. The firm has a market cap of $984.71 million, a P/E ratio of 46.81, a PEG ratio of 3.90 and a beta of 0.42.
HealthStream (NASDAQ:HSTM – Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. As a group, research analysts expect that HealthStream will post 0.72 EPS for the current year.
HealthStream Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were paid a $0.0350 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.4%. HealthStream’s payout ratio is presently 19.44%.
Insider Activity
In related news, CEO Robert Frist, Jr. sold 144,068 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the completion of the sale, the chief executive officer owned 3,907,038 shares in the company, valued at $115,257,621. This represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linda Rebrovick sold 12,000 shares of the firm’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 value of $420,000.00. Following the completion of the sale, the director directly owned 39,329 shares in the company, valued at $1,376,515. This trade represents a 23.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by insiders.
Institutional Investors Weigh In On HealthStream
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of HealthStream in the second quarter valued at about $111,184,000. Copeland Capital Management LLC increased its stake in HealthStream by 43.8% during 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 acquiring an additional 389,186 shares during the period. Bank of New York Mellon Corp bought a new position in HealthStream during the second quarter valued at about $6,199,000. Man Group plc bought a new position in HealthStream during the second quarter valued at about $3,894,000. Finally, Bank of America Corp DE acquired a new position in HealthStream in the 2nd quarter valued at approximately $3,349,000. Institutional investors and hedge funds own 69.58% of the company’s stock.
HealthStream Company Profile
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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