HealthStream (HSTM) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a buy rating in a report issued on Wednesday. They currently have $27.00 price target on the technology company’s stock.

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. “

HSTM has been the topic of a number of other research reports. TheStreet downgraded HealthStream from a b- rating to a c+ rating in a research note on Tuesday, November 20th. Barrington Research reissued a hold rating on shares of HealthStream in a research note on Tuesday, October 23rd. BidaskClub raised HealthStream from a sell rating to a hold rating in a research note on Thursday, December 13th. Finally, ValuEngine downgraded HealthStream from a buy rating to a hold rating in a research note on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $26.40.

Shares of HSTM stock opened at $25.26 on Wednesday. HealthStream has a 1 year low of $21.15 and a 1 year high of $31.86. The firm has a market cap of $810.08 million, a price-to-earnings ratio of 93.56, a price-to-earnings-growth ratio of 3.76 and a beta of 0.76.

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

Institutional investors have recently made changes to their positions in the company. BB&T Corp acquired a new stake in shares of HealthStream during the third quarter worth $205,000. SG Americas Securities LLC acquired a new stake in shares of HealthStream during the second quarter worth $213,000. Jefferies Group LLC acquired a new stake in shares of HealthStream during the third quarter worth $270,000. Macquarie Group Ltd. acquired a new stake in shares of HealthStream during the second quarter worth $322,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of HealthStream during the third quarter worth $375,000. 73.43% of the stock is currently owned by institutional investors.

HealthStream Company Profile

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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