HealthStream (NASDAQ:HSTM) Lowered to Buy at StockNews.com

StockNews.com lowered shares of HealthStream (NASDAQ:HSTM) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

Separately, William Blair reiterated an outperform rating on shares of HealthStream in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $32.00.

HealthStream Trading Up 0.2 %

HSTM stock traded up $0.05 during trading on Friday, hitting $27.03. 104,738 shares of the stock traded hands, compared to its average volume of 131,570. HealthStream has a one year low of $20.47 and a one year high of $29.12. The company has a 50 day simple moving average of $25.98 and a 200 day simple moving average of $26.04. The stock has a market cap of $821.71 million, a price-to-earnings ratio of 46.60, a P/E/G ratio of 4.17 and a beta of 0.38.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. As a group, analysts predict that HealthStream will post 0.54 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Friday, May 3rd. HealthStream’s payout ratio is currently 18.97%.

Insider Activity at HealthStream

In other news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the sale, the senior vice president now owns 14,693 shares in the company, valued at approximately $387,013.62. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the transaction, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Scott Fenstermacher sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total value of $26,190.00. Following the transaction, the senior vice president now owns 13,008 shares in the company, valued at approximately $340,679.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,000 shares of company stock worth $619,320. Company insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On HealthStream

A number of institutional investors have recently modified their holdings of the business. First Eagle Investment Management LLC boosted its holdings in HealthStream by 90.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 354,776 shares of the technology company’s stock valued at $7,656,000 after purchasing an additional 168,497 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of HealthStream by 295.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 133,712 shares of the technology company’s stock worth $2,886,000 after buying an additional 99,913 shares during the last quarter. B. Riley Asset Management LLC bought a new stake in shares of HealthStream during the 3rd quarter valued at approximately $1,449,000. Wakefield Asset Management LLLP acquired a new position in shares of HealthStream during the first quarter worth $909,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in HealthStream by 9.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock valued at $8,280,000 after purchasing an additional 27,274 shares during the last quarter. Institutional investors own 69.58% of the company’s stock.

HealthStream Company Profile

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.