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

Wall Street Zen cut shares of HealthStream (NASDAQ:HSTM) from a buy rating to a hold rating in a research report sent to investors on Saturday.

HSTM has been the subject of several other research reports. Weiss Ratings raised HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group upped their price objective on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.00.

HealthStream Price Performance

Shares of NASDAQ HSTM opened at $28.87 on Friday. The firm’s 50-day moving average is $27.82 and its two-hundred day moving average is $24.02. The company has a market capitalization of $843.58 million, a PE ratio of 40.10, a price-to-earnings-growth ratio of 3.34 and a beta of 0.44. HealthStream has a 12-month low of $19.50 and a 12-month high of $31.11.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The business had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $80.82 million. On average, analysts forecast that HealthStream will post 0.72 EPS for the current fiscal year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 17th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. HealthStream’s dividend payout ratio is presently 19.44%.

Insider Transactions at HealthStream

In related 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 sale, the director owned 51,329 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Danske Bank A S boosted its holdings 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 purchasing an additional 700 shares during the last quarter. Essential Partners LLC purchased a new stake in shares of HealthStream in the first quarter valued at $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of HealthStream by 76.4% in the second 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 during the period. Hantz Financial Services Inc. increased its stake in HealthStream by 2,035.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,262 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in HealthStream in the second quarter valued at $31,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

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.