HealthStream (HSTM) Cut to “Neutral” at Robert W. Baird

Robert W. Baird cut shares of HealthStream (NASDAQ:HSTM) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday morning. Robert W. Baird currently has $24.00 target price on the technology company’s stock.

Several other equities analysts also recently commented on the company. BidaskClub downgraded HealthStream from a buy rating to a hold rating in a research report on Saturday, June 2nd. ValuEngine upgraded HealthStream from a sell rating to a hold rating in a research report on Monday, May 7th. Barrington Research set a $32.00 price objective on HealthStream and gave the stock a buy rating in a research report on Thursday, May 3rd. Zacks Investment Research upgraded HealthStream from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Thursday, May 3rd. Finally, Canaccord Genuity restated a hold rating and set a $26.00 price objective on shares of HealthStream in a research report on Wednesday, May 2nd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $25.57.

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HealthStream stock opened at $27.94 on Wednesday. The stock has a market capitalization of $903.18 million, a price-to-earnings ratio of 90.19, a PEG ratio of 4.92 and a beta of 0.76. HealthStream has a 12 month low of $21.15 and a 12 month high of $31.53.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, April 30th. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $54.90 million during the quarter, compared to the consensus estimate of $55.85 million. HealthStream had a return on equity of 3.48% and a net margin of 13.42%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. equities research analysts anticipate that HealthStream will post 0.33 EPS for the current fiscal year.

In related news, insider Michael Sousa sold 16,005 shares of the firm’s stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $25.09, for a total transaction of $401,565.45. Following the completion of the sale, the insider now owns 13,830 shares of the company’s stock, valued at $346,994.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gerard M. Hayden, Jr. sold 14,226 shares of the firm’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $26.99, for a total value of $383,959.74. Following the sale, the chief financial officer now directly owns 30,290 shares of the company’s stock, valued at approximately $817,527.10. The disclosure for this sale can be found here. Insiders have sold 49,171 shares of company stock valued at $1,279,902 over the last 90 days. 21.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HSTM. Stevens Capital Management LP acquired a new stake in HealthStream during the first quarter worth approximately $203,000. Victory Capital Management Inc. acquired a new stake in HealthStream during the first quarter worth approximately $210,000. Teacher Retirement System of Texas acquired a new stake in HealthStream during the fourth quarter worth approximately $215,000. Barclays PLC grew its stake in HealthStream by 45.6% during the first quarter. Barclays PLC now owns 9,444 shares of the technology company’s stock worth $235,000 after purchasing an additional 2,958 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in HealthStream during the first quarter worth approximately $241,000. 71.14% of the stock is owned by institutional investors and hedge funds.

HealthStream Company Profile

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

Analyst Recommendations for HealthStream (NASDAQ:HSTM)