HealthStream (NASDAQ:HSTM) Downgraded by BidaskClub

BidaskClub downgraded shares of HealthStream (NASDAQ:HSTM) from a strong-buy rating to a buy rating in a research report released on Thursday, BidAskClub reports.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of HealthStream from a hold rating to a buy rating and set a $30.00 price target for the company in a research note on Thursday, July 25th. ValuEngine raised shares of HealthStream from a hold rating to a buy rating in a research note on Tuesday, July 9th. Finally, Barrington Research reissued a market perform rating on shares of HealthStream in a research note on Thursday, July 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $28.00.

Shares of NASDAQ HSTM opened at $26.36 on Thursday. HealthStream has a 12-month low of $23.06 and a 12-month high of $31.86. The stock has a market cap of $885.74 million, a PE ratio of 61.30, a P/E/G ratio of 5.96 and a beta of 0.68. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $27.37 and a 200 day moving average of $26.77.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. HealthStream had a net margin of 5.71% and a return on equity of 4.22%. The company had revenue of $63.78 million during the quarter, compared to analysts’ expectations of $63.12 million. During the same quarter in the prior year, the company earned $0.11 EPS. HealthStream’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that HealthStream will post 0.38 EPS for the current fiscal year.

In other news, Director Jeffrey L. Mclaren sold 5,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $405,635.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 20.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of HealthStream by 1.8% in the 2nd quarter. BlackRock Inc. now owns 4,082,118 shares of the technology company’s stock valued at $105,564,000 after buying an additional 71,204 shares during the period. Vanguard Group Inc. lifted its holdings in shares of HealthStream by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,715,533 shares of the technology company’s stock worth $70,224,000 after acquiring an additional 9,253 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of HealthStream by 16.4% in the 2nd quarter. Invesco Ltd. now owns 695,095 shares of the technology company’s stock worth $17,975,000 after acquiring an additional 97,729 shares during the last quarter. Granite Investment Partners LLC lifted its holdings in shares of HealthStream by 9.0% in the 2nd quarter. Granite Investment Partners LLC now owns 678,991 shares of the technology company’s stock worth $17,559,000 after acquiring an additional 55,945 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of HealthStream by 23.8% in the 2nd quarter. Bank of America Corp DE now owns 580,014 shares of the technology company’s stock worth $14,999,000 after acquiring an additional 111,525 shares during the last quarter. 72.30% of the stock is owned by institutional investors and hedge funds.

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.

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