HealthStream Inc. (NASDAQ:HSTM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

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. “

A number of other brokerages also recently commented on HSTM. Canaccord Genuity reissued a “buy” rating and issued a $32.00 price target on shares of HealthStream in a report on Sunday, September 11th. Craig Hallum downgraded HealthStream from a “buy” rating to a “hold” rating and reduced their price target for the company from $35.00 to $27.00 in a report on Friday, November 4th. FBR & Co reissued a “buy” rating on shares of HealthStream in a report on Wednesday, August 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target (down previously from $32.00) on shares of HealthStream in a report on Sunday, November 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.50.

Analyst Recommendations for HealthStream (NASDAQ:HSTM)

Shares of HealthStream (NASDAQ:HSTM) opened at 25.39 on Monday. HealthStream has a 1-year low of $17.80 and a 1-year high of $28.84. The stock has a market capitalization of $805.85 million, a P/E ratio of 140.28 and a beta of 1.21. The company has a 50 day moving average price of $25.68 and a 200-day moving average price of $25.56.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. The business earned $58.40 million during the quarter, compared to analysts’ expectations of $58.70 million. HealthStream had a net margin of 2.63% and a return on equity of 3.13%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. On average, equities research analysts forecast that HealthStream will post $0.21 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSTM. Bamco Inc. NY bought a new position in HealthStream during the third quarter worth about $5,665,000. The Manufacturers Life Insurance Company bought a new position in HealthStream during the third quarter worth about $492,000. SECOR Capital Advisors LP raised its position in HealthStream by 748.0% in the third quarter. SECOR Capital Advisors LP now owns 68,271 shares of the company’s stock worth $1,884,000 after buying an additional 60,220 shares in the last quarter. Consonance Capital Management LP bought a new position in HealthStream during the third quarter worth about $9,407,000. Finally, Morgan Stanley raised its position in HealthStream by 124.5% in the third quarter. Morgan Stanley now owns 6,862 shares of the company’s stock worth $190,000 after buying an additional 3,806 shares in the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.

HealthStream Company Profile

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.

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