HealthStream, Inc. (HSTM) Received Average Rating of “Hold” from Analysts

HealthStream, Inc. (HSTM) Received Average Rating of “Hold” from Analysts

HSTM has been the subject of a number of research reports. Barrington Research restated a “buy” rating and set a $32.00 price objective on shares of HealthStream in a research report on Monday, February 26th. ValuEngine upgraded HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Cantor Fitzgerald restated a “hold” rating and set a $24.00 price objective on shares of HealthStream in a research report on Monday, February 12th. BidaskClub upgraded HealthStream from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Zacks Investment Research upgraded HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th.

HealthStream, Inc. (NASDAQ:HSTM) has been given an average recommendation of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $25.60.

In other news, Director William Stead sold 15,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $24.41, for a total transaction of $366,150.00. Following the completion of the sale, the director now directly owns 36,006 shares of the company’s stock, valued at approximately $878,906.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gerard M. Hayden, Jr. sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $24.32, for a total value of $608,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 96,452 shares of company stock valued at $2,348,975 over the last ninety days. Company insiders own 20.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of HSTM. Allianz Asset Management GmbH raised its stake in shares of HealthStream by 5.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 54,009 shares of the technology company’s stock valued at $1,262,000 after acquiring an additional 2,612 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of HealthStream by 7.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 81,874 shares of the technology company’s stock valued at $1,896,000 after acquiring an additional 5,568 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of HealthStream by 64.8% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 15,770 shares of the technology company’s stock valued at $366,000 after acquiring an additional 6,200 shares in the last quarter. Granite Investment Partners LLC raised its stake in shares of HealthStream by 12.2% in the 4th quarter. Granite Investment Partners LLC now owns 74,062 shares of the technology company’s stock valued at $1,715,000 after acquiring an additional 8,035 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of HealthStream by 8.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 108,075 shares of the technology company’s stock valued at $2,504,000 after acquiring an additional 8,324 shares in the last quarter. 70.85% of the stock is owned by institutional investors.

Shares of NASDAQ:HSTM traded down $0.16 during midday trading on Thursday, reaching $24.34. The company had a trading volume of 4,314 shares, compared to its average volume of 115,829. HealthStream has a 1-year low of $21.15 and a 1-year high of $31.53. The firm has a market capitalization of $795.21, a price-to-earnings ratio of 90.74, a price-to-earnings-growth ratio of 5.50 and a beta of 0.73.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. HealthStream had a return on equity of 2.73% and a net margin of 4.04%. The firm had revenue of $62.76 million during the quarter, compared to analyst estimates of $61.98 million. analysts anticipate that HealthStream will post 0.28 EPS for the current year.

The company also recently declared a special dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Tuesday, March 6th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, March 5th.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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