HealthStream (NASDAQ:HSTM) Raised to “Strong-Buy” at Craig Hallum

Craig Hallum upgraded shares of HealthStream (NASDAQ:HSTM) to a strong-buy rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 24th. Canaccord Genuity Group upped their target price on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

HealthStream Price Performance

Shares of HSTM stock opened at $28.84 on Thursday. The company’s fifty day simple moving average is $28.61 and its two-hundred day simple moving average is $27.81. The stock has a market capitalization of $876.68 million, a price-to-earnings ratio of 49.72, a PEG ratio of 4.25 and a beta of 0.36. HealthStream has a 1 year low of $21.92 and a 1 year high of $31.15.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. Equities research analysts anticipate that HealthStream will post 0.56 EPS for the current year.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 5th were paid a $0.028 dividend. This represents a $0.11 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, August 5th. HealthStream’s dividend payout ratio is presently 18.97%.

Insiders Place Their Bets

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the sale, the director now directly owns 22,326 shares of the company’s stock, valued at $636,960.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at approximately $267,041.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the transaction, the director now directly owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HealthStream

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock valued at $28,000 after buying an additional 630 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of HealthStream during the second quarter valued at approximately $38,000. CWM LLC boosted its holdings in HealthStream by 405.4% in the second quarter. CWM LLC now owns 2,709 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,173 shares during the last quarter. Diversified Trust Co purchased a new stake in HealthStream in the first quarter worth approximately $213,000. Finally, EntryPoint Capital LLC boosted its holdings in HealthStream by 80.4% in the first quarter. EntryPoint Capital LLC now owns 8,045 shares of the technology company’s stock worth $214,000 after purchasing an additional 3,586 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

About HealthStream

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.