BidaskClub Lowers HealthStream (NASDAQ:HSTM) to Sell

BidaskClub cut shares of HealthStream (NASDAQ:HSTM) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Other research analysts also recently issued research reports about the stock. Barrington Research restated a market perform rating on shares of HealthStream in a research report on Thursday, July 25th. ValuEngine downgraded shares of HealthStream from a buy rating to a hold rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research upgraded shares of HealthStream from a hold rating to a strong-buy rating and set a $32.00 price target on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $29.00.

HSTM stock traded up $0.14 during mid-day trading on Friday, hitting $27.38. The stock had a trading volume of 66,500 shares, compared to its average volume of 126,177. The firm has a market capitalization of $881.99 million, a P/E ratio of 63.67, a P/E/G ratio of 5.50 and a beta of 0.64. HealthStream has a 52 week low of $23.06 and a 52 week high of $30.00. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $26.74 and a 200 day simple moving average of $26.44.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The firm had revenue of $62.50 million for the quarter, compared to the consensus estimate of $62.91 million. HealthStream had a net margin of 5.92% and a return on equity of 4.14%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS. As a group, equities analysts expect that HealthStream will post 0.41 earnings per share for the current fiscal year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other news, Director Jeffrey L. Mclaren sold 5,000 shares of HealthStream stock in a transaction on Monday, August 12th. The shares were sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the sale, the director now owns 14,193 shares in the company, valued at approximately $405,635.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tate Deborah Taylor sold 6,495 shares of HealthStream stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $27.96, for a total transaction of $181,600.20. Following the completion of the sale, the director now owns 16,181 shares of the company’s stock, valued at approximately $452,420.76. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. First Light Asset Management LLC increased its stake in shares of HealthStream by 0.4% in the 2nd quarter. First Light Asset Management LLC now owns 90,924 shares of the technology company’s stock valued at $2,351,000 after acquiring an additional 386 shares in the last quarter. Resources Investment Advisors LLC. increased its stake in shares of HealthStream by 13.0% in the 2nd quarter. Resources Investment Advisors LLC. now owns 3,900 shares of the technology company’s stock valued at $101,000 after acquiring an additional 450 shares in the last quarter. Royal Bank of Canada increased its stake in shares of HealthStream by 6.7% in the 2nd quarter. Royal Bank of Canada now owns 7,424 shares of the technology company’s stock valued at $192,000 after acquiring an additional 464 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of HealthStream by 1.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 54,303 shares of the technology company’s stock valued at $1,404,000 after acquiring an additional 774 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of HealthStream by 1.9% in the 2nd quarter. Swiss National Bank now owns 48,100 shares of the technology company’s stock valued at $1,244,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 71.56% of the company’s stock.

About HealthStream

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

Featured Story: What is the Current Ratio?

Leave a Reply

Your email address will not be published. Required fields are marked *

*