HealthStream (NASDAQ:HSTM) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded HealthStream from “hold” to “buy,” although the broader analyst consensus remains “Hold” with a $27.00 target price.
• HealthStream shares opened at $29.38, near the upper end of their 52-week range, while the company’s latest quarterly results exceeded expectations with EPS of $0.23 versus $0.17 and revenue of $83.73 million versus $80.82 million estimated.
• Institutional investors own 69.58% of the stock, and director Linda Rebrovick recently sold 6,000 shares for approximately $174,000 under a pre-arranged trading plan.

HealthStream (NASDAQ:HSTM - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Sunday.

HSTM has been the topic of several other reports. Canaccord Genuity Group increased their price objective on shares of HealthStream from $24.00 to $27.00 and gave the company a "hold" rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of HealthStream from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $27.00.

HealthStream Stock Performance

Shares of HealthStream stock opened at $29.38 on Friday. The stock has a market cap of $858.48 million, a price-to-earnings ratio of 40.81, a price-to-earnings-growth ratio of 3.40 and a beta of 0.44. The stock has a 50 day moving average price of $28.14 and a 200-day moving average price of $24.31. HealthStream has a one year low of $19.50 and a one year high of $31.11.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. The firm had revenue of $83.73 million for 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%. Sell-side analysts predict that HealthStream will post 0.72 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Linda Rebrovick sold 6,000 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the sale, the director directly owned 51,329 shares in the company, valued at approximately $1,488,541. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in HealthStream by 76.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company's stock valued at $28,000 after purchasing an additional 444 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of HealthStream by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company's stock worth $259,000 after buying an additional 586 shares in the last quarter. Danske Bank A S grew its position in shares of HealthStream by 175.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company's stock worth $25,000 after buying an additional 700 shares in the last quarter. Snowden Capital Advisors LLC grew its position in shares of HealthStream by 8.7% during the second quarter. Snowden Capital Advisors LLC now owns 10,196 shares of the technology company's stock worth $282,000 after buying an additional 816 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of HealthStream by 1.9% during the second quarter. Jane Street Group LLC now owns 48,533 shares of the technology company's stock worth $1,343,000 after buying an additional 922 shares during the period. Hedge funds and other institutional investors own 69.58% of the company's stock.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream's platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company's core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source