HealthStream (NASDAQ:HSTM) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of HealthStream (NASDAQ:HSTM) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

HSTM has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price target on HealthStream from $24.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings raised HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Freedom Capital raised HealthStream to a “hold” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

HealthStream Price Performance

HealthStream stock opened at $33.13 on Friday. The stock has a market cap of $968.06 million, a price-to-earnings ratio of 46.01, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42. HealthStream has a 1 year low of $19.50 and a 1 year high of $34.48. The firm has a 50-day moving average of $29.86 and a two-hundred day moving average of $26.62.

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

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were given a $0.0350 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 17th. HealthStream’s dividend payout ratio is presently 19.44%.

Insider Buying and Selling at HealthStream

In other news, CEO Robert Frist, Jr. sold 144,068 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the transaction, the chief executive officer directly owned 3,907,038 shares in the company, valued at approximately $115,257,621. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in HealthStream in the second quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in HealthStream by 76.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock worth $28,000 after buying an additional 444 shares during the period. Global Retirement Partners LLC purchased a new stake in HealthStream during the second quarter worth $31,000. Essential Partners LLC bought a new stake in HealthStream during the 1st quarter valued at $25,000. Finally, Meeder Asset Management Inc. bought a new stake in HealthStream during the 1st quarter valued at $81,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Company Profile

HealthStream, Inc provides workforce solutions for the healthcare industry. The company develops software and services designed to help healthcare organizations manage employee learning, performance, credentialing, and other workforce-related processes.

Its offerings include online learning and education management, workforce development tools, competency and performance management, and credentialing solutions. HealthStream also provides content and administrative services intended to support regulatory compliance, professional development, and operational efficiency for healthcare employers.

Based in Nashville, Tennessee, HealthStream primarily serves healthcare organizations in the United States, including hospitals, health systems, medical practices, and other healthcare providers.