HealthStream (NASDAQ:HSTM) Downgraded to “Buy” at StockNews.com

StockNews.com cut shares of HealthStream (NASDAQ:HSTM) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.

Separately, William Blair reiterated an outperform rating on shares of HealthStream in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $32.00.

HealthStream Stock Up 0.2 %

HSTM traded up $0.05 during mid-day trading on Friday, reaching $27.03. 104,738 shares of the company traded hands, compared to its average volume of 131,570. The company’s fifty day moving average price is $25.98 and its 200-day moving average price is $26.04. The stock has a market capitalization of $821.71 million, a P/E ratio of 46.60, a P/E/G ratio of 4.17 and a beta of 0.38. HealthStream has a 52-week low of $20.47 and a 52-week high of $29.12.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company had revenue of $72.80 million during the quarter, compared to analyst estimates of $71.88 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. HealthStream’s revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that HealthStream will post 0.54 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 6th will be given a dividend of $0.028 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.11 annualized dividend and a yield of 0.41%. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Insider Transactions at HealthStream

In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the transaction, the senior vice president now directly owns 14,693 shares in the company, valued at $387,013.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $27.25, for a total transaction of $408,750.00. Following the sale, the executive vice president now owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the completion of the transaction, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock valued at $619,320 over the last quarter. 20.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HealthStream

Several hedge funds have recently modified their holdings of the stock. Wakefield Asset Management LLLP bought a new stake in HealthStream in the 1st quarter valued at $909,000. Allspring Global Investments Holdings LLC grew its position in shares of HealthStream by 82.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock valued at $910,000 after purchasing an additional 15,425 shares in the last quarter. Diversified Trust Co bought a new stake in shares of HealthStream in the first quarter worth about $213,000. Quadrature Capital Ltd purchased a new stake in shares of HealthStream in the fourth quarter worth about $311,000. Finally, Parallel Advisors LLC boosted its stake in HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after buying an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.