Freedom Capital Upgrades HealthStream (NASDAQ:HSTM) to “Hold”

HealthStream (NASDAQ:HSTM) was upgraded by investment analysts at Freedom Capital to a “hold” rating in a research note issued on Tuesday, Zacks reports.

A number of other research firms also recently issued reports on HSTM. Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Sunday, August 30th. Weiss Ratings raised shares of HealthStream from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Canaccord Genuity Group increased their price target on shares of HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

HealthStream Stock Performance

HSTM stock opened at $33.65 on Tuesday. The company has a market cap of $983.25 million, a price-to-earnings ratio of 46.74, a P/E/G ratio of 3.91 and a beta of 0.42. The business’s 50-day moving average is $29.66 and its two-hundred day moving average is $26.48. HealthStream has a fifty-two week low of $19.50 and a fifty-two week high of $34.48.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. The business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. Equities analysts predict that HealthStream will post 0.72 earnings per share for the current year.

Insiders Place Their Bets

In other HealthStream news, CEO Robert Frist, Jr. sold 144,068 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the completion of the sale, the chief executive officer owned 3,907,038 shares of the company’s stock, valued at approximately $115,257,621. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of HealthStream during the 2nd quarter valued at about $111,184,000. Copeland Capital Management LLC grew its stake in shares of HealthStream by 43.8% during the 1st quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock valued at $26,441,000 after acquiring an additional 389,186 shares during the period. Bank of New York Mellon Corp bought a new position in shares of HealthStream during the 2nd quarter valued at approximately $6,199,000. Man Group plc bought a new position in shares of HealthStream during the 2nd quarter valued at approximately $3,894,000. Finally, Bank of America Corp DE purchased a new stake in HealthStream in the 2nd quarter worth approximately $3,349,000. Institutional investors own 69.58% of the company’s stock.

About HealthStream

HealthStream, Inc provides workforce solutions for the healthcare industry. The company develops software and services designed to help healthcare organizations manage employee learning, performance, credentialing, and other workforce-related processes.

Its offerings include online learning and education management, workforce development tools, competency and performance management, and credentialing solutions. HealthStream also provides content and administrative services intended to support regulatory compliance, professional development, and operational efficiency for healthcare employers.

Based in Nashville, Tennessee, HealthStream primarily serves healthcare organizations in the United States, including hospitals, health systems, medical practices, and other healthcare providers.