BidaskClub Downgrades HealthStream (NASDAQ:HSTM) to Hold

HealthStream (NASDAQ:HSTM) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, September 14th.

Other analysts also recently issued reports about the company. Barrington Research downgraded HealthStream from an “outperform” rating to a “market perform” rating and set a $30.00 price target for the company. in a research report on Wednesday, July 11th. Zacks Investment Research downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. ValuEngine raised HealthStream from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Robert W. Baird downgraded HealthStream from an “outperform” rating to a “neutral” rating and set a $28.00 price target for the company. in a research report on Thursday, June 14th. Finally, TheStreet raised HealthStream from a “c+” rating to a “b-” rating in a research report on Thursday, August 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.00.

Shares of HealthStream stock traded down $0.14 on Friday, hitting $29.17. The company had a trading volume of 128,300 shares, compared to its average volume of 138,129. The company has a market cap of $1.00 billion, a PE ratio of 108.44, a price-to-earnings-growth ratio of 5.14 and a beta of 0.62. HealthStream has a 1 year low of $21.15 and a 1 year high of $31.86.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, July 23rd. The technology company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $57.00 million during the quarter, compared to the consensus estimate of $56.68 million. HealthStream had a return on equity of 3.75% and a net margin of 13.79%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 earnings per share. Equities analysts expect that HealthStream will post 0.36 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in HSTM. Piedmont Investment Advisors LLC bought a new position in HealthStream during the second quarter valued at $165,000. Stevens Capital Management LP bought a new position in HealthStream during the first quarter valued at $203,000. Victory Capital Management Inc. bought a new position in shares of HealthStream in the first quarter worth $210,000. SG Americas Securities LLC bought a new position in shares of HealthStream in the second quarter worth $213,000. Finally, Barclays PLC boosted its holdings in shares of HealthStream by 45.6% in the first quarter. Barclays PLC now owns 9,444 shares of the technology company’s stock worth $235,000 after acquiring an additional 2,958 shares during the period. 72.14% of the stock is owned by institutional investors and hedge funds.

About HealthStream

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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