HealthStream Inc. (NASDAQ:HSTM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Healthstream Inc. is pioneering a Web-based solution to meet the training and education needs of the healthcare industry utilizing our proprietary system. Through strategic relationships with medical institutions and commercial organizations, the company has amassed hours of training and education courses. The company distributes hours of these courses online to allied healthcare professionals, nurses, doctors and other healthcare workers. “
Other analysts have also issued reports about the stock. First Analysis lowered shares of HealthStream from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $30.00 to $27.00 in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $32.00 target price (up from $26.00) on shares of HealthStream in a research report on Friday, June 10th. FBR & Co initiated coverage on HealthStream in a research report on Tuesday, March 29th. They issued an “outperform” rating and a $27.00 target price for the company. Canaccord Genuity reaffirmed a “buy” rating on shares of HealthStream in a research report on Tuesday, April 26th. Finally, Barrington Research initiated coverage on HealthStream in a research report on Wednesday, June 29th. They issued an “outperform” rating and a $30.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $28.29.
HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.05. During the same quarter in the prior year, the business posted $0.05 EPS. The company had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $56.80 million. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that HealthStream will post $0.30 EPS for the current year.
Several institutional investors recently made changes to their positions in the company. California State Teachers Retirement System increased its position in shares of HealthStream by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 46,774 shares of the company’s stock worth $1,029,000 after buying an additional 865 shares in the last quarter. Prudential Financial Inc. increased its position in shares of HealthStream by 3.0% in the first quarter. Prudential Financial Inc. now owns 62,512 shares of the company’s stock worth $1,381,000 after buying an additional 1,800 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of HealthStream by 42.6% in the first quarter. Conestoga Capital Advisors LLC now owns 1,502,465 shares of the company’s stock worth $33,189,000 after buying an additional 448,955 shares in the last quarter. Citadel Advisors LLC increased its position in shares of HealthStream by 5.0% in the fourth quarter. Citadel Advisors LLC now owns 48,409 shares of the company’s stock worth $1,065,000 after buying an additional 2,305 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of HealthStream by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 84,219 shares of the company’s stock worth $1,853,000 after buying an additional 2,566 shares in the last quarter.
HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.
