HealthStream (HSTM) Lifted to “Buy” at ValuEngine

HealthStream (NASDAQ:HSTM) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, April 1st, ValuEngine reports.

A number of other equities research analysts also recently issued reports on the stock. TheStreet upgraded shares of HealthStream from a “c+” rating to a “b-” rating in a research note on Wednesday, February 27th. Cantor Fitzgerald reissued a “hold” rating and issued a $26.00 target price on shares of HealthStream in a report on Tuesday, February 19th. BidaskClub cut shares of HealthStream from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Barrington Research reiterated a “hold” rating on shares of HealthStream in a report on Monday, January 14th. Finally, Zacks Investment Research lowered shares of HealthStream from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.80.

Shares of HSTM stock traded up $0.40 on Monday, hitting $26.29. The company’s stock had a trading volume of 111,605 shares, compared to its average volume of 103,176. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.26 and a current ratio of 2.02. HealthStream has a fifty-two week low of $23.06 and a fifty-two week high of $31.86. The company has a market capitalization of $838.53 million, a PE ratio of 61.14, a price-to-earnings-growth ratio of 5.64 and a beta of 0.74.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, April 22nd. The technology company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.08. The business had revenue of $65.20 million for the quarter, compared to the consensus estimate of $61.19 million. HealthStream had a net margin of 5.93% and a return on equity of 4.68%. HealthStream’s revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. On average, analysts forecast that HealthStream will post 0.31 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in shares of HealthStream by 5.8% in the 3rd quarter. Wells Fargo & Company MN now owns 42,062 shares of the technology company’s stock valued at $1,304,000 after acquiring an additional 2,307 shares in the last quarter. Prudential Financial Inc. lifted its position in HealthStream by 22.2% in the 3rd quarter. Prudential Financial Inc. now owns 268,037 shares of the technology company’s stock worth $8,312,000 after buying an additional 48,732 shares in the last quarter. Alliancebernstein L.P. lifted its position in HealthStream by 219.8% in the 3rd quarter. Alliancebernstein L.P. now owns 90,940 shares of the technology company’s stock worth $2,820,000 after buying an additional 62,500 shares in the last quarter. Bank of New York Mellon Corp lifted its position in HealthStream by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 302,406 shares of the technology company’s stock worth $9,377,000 after buying an additional 8,966 shares in the last quarter. Finally, BlackRock Inc. lifted its position in HealthStream by 6.7% in the 3rd quarter. BlackRock Inc. now owns 3,988,432 shares of the technology company’s stock worth $123,681,000 after buying an additional 248,872 shares in the last quarter. Hedge funds and other institutional investors own 71.75% of the company’s stock.

About HealthStream

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

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