HealthStream (NASDAQ:HSTM) Downgraded by StockNews.com to Buy

StockNews.com cut shares of HealthStream (NASDAQ:HSTM) from a strong-buy rating to a buy rating in a report released on Wednesday.

HSTM has been the subject of a number of other research reports. Barclays assumed coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They set an overweight rating and a $32.00 target price for the company. William Blair reissued an outperform rating on shares of HealthStream in a research report on Tuesday, February 20th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $32.00.

HealthStream Trading Down 1.9 %

NASDAQ HSTM opened at $25.92 on Wednesday. The firm has a market capitalization of $787.97 million, a PE ratio of 44.69, a price-to-earnings-growth ratio of 3.94 and a beta of 0.36. The business’s 50-day moving average price is $26.16 and its two-hundred day moving average price is $25.88. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The business had revenue of $72.80 million during the quarter, compared to the consensus estimate of $71.88 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts forecast that HealthStream will post 0.51 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a $0.028 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 annualized dividend and a dividend yield of 0.43%. HealthStream’s dividend payout ratio is currently 18.97%.

Insider Activity at HealthStream

In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the transaction, the executive vice president now owns 42,525 shares in the company, valued at $1,158,806.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HSTM. First Eagle Investment Management LLC grew its holdings in shares of HealthStream by 90.5% during the third quarter. First Eagle Investment Management LLC now owns 354,776 shares of the technology company’s stock valued at $7,656,000 after buying an additional 168,497 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in HealthStream by 295.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 133,712 shares of the technology company’s stock valued at $2,886,000 after purchasing an additional 99,913 shares during the last quarter. B. Riley Asset Management LLC bought a new stake in HealthStream during the 3rd quarter worth approximately $1,449,000. Exchange Traded Concepts LLC raised its stake in shares of HealthStream by 126.2% in the third quarter. Exchange Traded Concepts LLC now owns 58,353 shares of the technology company’s stock worth $1,259,000 after purchasing an additional 32,553 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

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.