HealthStream (NASDAQ:HSTM) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of HealthStream (NASDAQ:HSTM – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

HSTM has been the topic of several other research reports. Canaccord Genuity Group lifted their target price on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Freedom Capital raised shares of HealthStream to a “hold” rating in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.00.

View Our Latest Analysis on HSTM

HealthStream Trading Up 0.5%

Shares of NASDAQ HSTM opened at $33.31 on Friday. HealthStream has a 12-month low of $19.50 and a 12-month high of $34.48. The stock’s fifty day simple moving average is $29.94 and its two-hundred day simple moving average is $26.74. The stock has a market capitalization of $973.32 million, a PE ratio of 46.26, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42.

HealthStream (NASDAQ:HSTM – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm 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%. On average, equities analysts predict that HealthStream will post 0.72 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were given a $0.0350 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 17th. HealthStream’s dividend payout ratio (DPR) is presently 19.44%.

Insider Buying and Selling

In related news, CEO Robert Frist, Jr. sold 144,068 shares of HealthStream stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $29.50, for a total value of $4,250,006.00. Following the completion of the sale, the chief executive officer directly owned 3,907,038 shares in the company, valued at $115,257,621. This trade represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of HealthStream by 5.2% in the third quarter. GAMMA Investing LLC now owns 21,686 shares of the technology company’s stock valued at $644,000 after purchasing an additional 1,076 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of HealthStream in the second quarter worth about $222,000. Tidal Investments LLC acquired a new stake in shares of HealthStream during the second quarter worth about $575,000. Integrated Wealth Concepts LLC acquired a new stake in shares of HealthStream during the second quarter worth about $27,000. Finally, Squarepoint Ops LLC purchased a new stake in HealthStream in the second quarter valued at approximately $222,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

About HealthStream

(Get Free Report)

HealthStream, Inc provides workforce solutions for the healthcare industry. The company develops software and services designed to help healthcare organizations manage employee learning, performance, credentialing, and other workforce-related processes.

Its offerings include online learning and education management, workforce development tools, competency and performance management, and credentialing solutions. HealthStream also provides content and administrative services intended to support regulatory compliance, professional development, and operational efficiency for healthcare employers.

Based in Nashville, Tennessee, HealthStream primarily serves healthcare organizations in the United States, including hospitals, health systems, medical practices, and other healthcare providers.

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