HealthStream (NASDAQ:HSTM) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded HealthStream from “Buy” to “Hold.” MarketBeat reports a consensus “Hold” rating from three analysts, with a $27.00 average price target.
• HealthStream exceeded quarterly expectations, reporting $0.23 in earnings per share versus the $0.17 consensus estimate and revenue of $83.73 million versus $80.82 million expected.
• The stock opened at $28.87, above the consensus target, while institutional investors own 69.58% of shares. Director Linda Rebrovick also sold 6,000 shares under a pre-arranged trading plan.

HealthStream (NASDAQ:HSTM - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

Several other research firms have also issued reports on HSTM. Weiss Ratings raised shares of HealthStream from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group boosted their price objective on shares of HealthStream from $24.00 to $27.00 and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $27.00.

HealthStream Stock Performance

HSTM opened at $28.87 on Friday. The business's 50-day simple moving average is $27.82 and its 200 day simple moving average is $24.02. HealthStream has a 52-week low of $19.50 and a 52-week high of $31.11. The firm has a market capitalization of $843.44 million, a PE ratio of 40.10, a PEG ratio of 3.31 and a beta of 0.44.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. HealthStream had a return on equity of 6.81% and a net margin of 6.60%.The firm had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. On average, research analysts forecast that HealthStream will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In other HealthStream news, Director Linda Rebrovick sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, July 6th. The shares were 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 $1,488,541. This trade represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HealthStream

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in HealthStream by 194.2% during the 1st quarter. Royal Bank of Canada now owns 43,899 shares of the technology company's stock worth $1,413,000 after purchasing an additional 28,977 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in HealthStream by 15.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 54,354 shares of the technology company's stock worth $1,749,000 after buying an additional 7,211 shares during the period. Jane Street Group LLC bought a new position in HealthStream during the 1st quarter worth $1,532,000. JPMorgan Chase & Co. lifted its holdings in shares of HealthStream by 302.0% during the second quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company's stock worth $6,860,000 after buying an additional 186,231 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of HealthStream by 11.6% during the second quarter. American Century Companies Inc. now owns 58,541 shares of the technology company's stock worth $1,620,000 after buying an additional 6,096 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Company Profile

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.

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