HealthStream (NASDAQ:HSTM) Downgraded by BidaskClub

Share on StockTwits

BidaskClub cut shares of HealthStream (NASDAQ:HSTM) from a sell rating to a strong sell rating in a research report report published on Saturday morning, BidAskClub reports.

A number of other research firms have also weighed in on HSTM. ValuEngine lowered shares of HealthStream from a buy rating to a hold rating in a research report on Wednesday, April 29th. Canaccord Genuity restated a hold rating and set a $25.00 price target on shares of HealthStream in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of Hold and an average target price of $28.50.

HSTM opened at $21.16 on Friday. The firm has a market capitalization of $681.87 million, a PE ratio of 41.49, a PEG ratio of 10.87 and a beta of 0.48. HealthStream has a twelve month low of $20.03 and a twelve month high of $29.78. The firm’s 50-day moving average price is $22.19 and its 200 day moving average price is $24.17. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.09.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $61.57 million for the quarter, compared to analyst estimates of $63.08 million. HealthStream had a return on equity of 4.16% and a net margin of 6.74%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. As a group, analysts predict that HealthStream will post 0.16 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in HealthStream by 6.5% in the 1st quarter. State Street Corp now owns 862,324 shares of the technology company’s stock valued at $20,653,000 after purchasing an additional 52,803 shares during the last quarter. Geode Capital Management LLC boosted its holdings in HealthStream by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 404,221 shares of the technology company’s stock valued at $9,681,000 after purchasing an additional 13,377 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in HealthStream by 4.2% in the 1st quarter. Nuveen Asset Management LLC now owns 317,682 shares of the technology company’s stock valued at $7,608,000 after purchasing an additional 12,745 shares during the last quarter. Deutsche Bank AG boosted its holdings in HealthStream by 73.7% in the 1st quarter. Deutsche Bank AG now owns 313,896 shares of the technology company’s stock valued at $7,518,000 after purchasing an additional 133,141 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in HealthStream by 14.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 221,931 shares of the technology company’s stock valued at $6,037,000 after purchasing an additional 27,931 shares during the last quarter. Institutional investors own 73.86% 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.

Recommended Story: How accurate is the Rule of 72?

Receive News & Ratings for HealthStream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream and related companies with MarketBeat.com's FREE daily email newsletter.