HealthStream (HSTM) Downgraded by Zacks Investment Research to “Hold”

HealthStream (NASDAQ:HSTM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “HealthStream’s suite of solutions is contracted by healthcare employees in the U.S. for workforce development, training & learning management, talent management, credentialing, privileging, provider enrollment, performance assessment, and managing simulation-based education programs. Based in Nashville, Tennessee, HealthStream has additional offices in Brentwood, Tennessee; Jericho, New York; Boulder, Colorado; Chicago, Illinois and San Diego, California. “

Several other research firms have also issued reports on HSTM. ValuEngine raised HealthStream from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Barrington Research reaffirmed a “hold” rating on shares of HealthStream in a report on Thursday, December 6th. BidaskClub raised HealthStream from a “sell” rating to a “hold” rating in a report on Thursday, December 13th. Finally, TheStreet lowered HealthStream from a “b-” rating to a “c+” rating in a report on Tuesday, November 20th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.60.

Shares of HSTM opened at $24.92 on Friday. The company has a market cap of $790.03 million, a price-to-earnings ratio of 92.30, a P/E/G ratio of 3.66 and a beta of 0.76. HealthStream has a 52 week low of $21.15 and a 52 week high of $31.86.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, October 22nd. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $59.93 million during the quarter, compared to analyst estimates of $58.22 million. HealthStream had a return on equity of 4.00% and a net margin of 14.23%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. On average, sell-side analysts predict that HealthStream will post 0.39 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in HSTM. BB&T Corp bought a new position in shares of HealthStream in the third quarter valued at approximately $205,000. SG Americas Securities LLC purchased a new position in HealthStream in the second quarter valued at approximately $213,000. Jefferies Group LLC purchased a new position in HealthStream in the third quarter valued at approximately $270,000. Macquarie Group Ltd. purchased a new position in HealthStream in the second quarter valued at approximately $322,000. Finally, Cubist Systematic Strategies LLC purchased a new position in HealthStream in the second quarter valued at approximately $370,000. 73.43% of the stock is owned by institutional investors.

About HealthStream

HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through 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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