HealthStream (NASDAQ:HSTM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HealthStream (NASDAQ:HSTM) from a hold rating to a buy rating in a report released on Sunday,Wall Street Zen reports.

Several other research firms have also recently issued reports on HSTM. Weiss Ratings upgraded HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Canaccord Genuity Group increased their target price on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.00.

HealthStream Stock Performance

HSTM stock opened at $29.67 on Friday. The stock has a market capitalization of $866.96 million, a PE ratio of 41.21, a price-to-earnings-growth ratio of 3.36 and a beta of 0.44. The company has a fifty day moving average of $28.29 and a 200-day moving average of $24.47. HealthStream has a one year low of $19.50 and a one year high of $31.11.

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

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 17th. HealthStream’s dividend payout ratio (DPR) is currently 19.44%.

Insider Activity at HealthStream

In related news, Director Linda Rebrovick sold 6,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $29.00, for a total value of $174,000.00. Following the completion of the sale, the director owned 51,329 shares in the company, valued at $1,488,541. This trade represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in HealthStream in the second quarter valued at about $111,184,000. California State Teachers Retirement System grew its holdings in shares of HealthStream by 2,733.4% in the 2nd quarter. California State Teachers Retirement System now owns 593,069 shares of the technology company’s stock worth $16,161,000 after acquiring an additional 572,138 shares during the period. Copeland Capital Management LLC grew its holdings in shares of HealthStream by 43.8% in the 1st quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock worth $26,441,000 after acquiring an additional 389,186 shares during the period. Bank of New York Mellon Corp purchased a new position in HealthStream in the 2nd quarter valued at approximately $6,199,000. Finally, JPMorgan Chase & Co. increased its stake in HealthStream by 302.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company’s stock valued at $6,860,000 after purchasing an additional 186,231 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

About HealthStream

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.