HealthStream (NASDAQ:HSTM) Given “Hold” Rating at Canaccord Genuity

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Canaccord Genuity reiterated their hold rating on shares of HealthStream (NASDAQ:HSTM) in a report issued on Wednesday, AnalystRatings.com reports. Canaccord Genuity currently has a $24.00 price target on the technology company’s stock.

A number of other analysts have also recently commented on HSTM. BidaskClub cut HealthStream from a sell rating to a strong sell rating in a research report on Saturday, July 11th. ValuEngine cut HealthStream from a buy rating to a hold rating in a research report on Wednesday, April 29th. Finally, Barrington Research reiterated a hold rating on shares of HealthStream in a research report on Thursday, July 23rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $28.00.

HealthStream stock opened at $21.96 on Wednesday. HealthStream has a 1-year low of $20.03 and a 1-year high of $29.78. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.15 and a quick ratio of 1.96. The stock has a market cap of $702.56 million, a PE ratio of 39.92, a P/E/G ratio of 5.90 and a beta of 0.48. The stock’s fifty day moving average is $21.74 and its two-hundred day moving average is $23.72.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.10. HealthStream had a return on equity of 4.44% and a net margin of 7.25%. The company had revenue of $60.60 million for the quarter, compared to analysts’ expectations of $56.64 million. During the same period last year, the firm earned $0.07 earnings per share. HealthStream’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts expect that HealthStream will post 0.31 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSTM. Assenagon Asset Management S.A. purchased a new position in shares of HealthStream during the second quarter worth about $6,179,000. Deutsche Bank AG grew its holdings in shares of HealthStream by 73.7% during the first quarter. Deutsche Bank AG now owns 313,896 shares of the technology company’s stock worth $7,518,000 after buying an additional 133,141 shares during the last quarter. First Quadrant L P CA purchased a new position in shares of HealthStream during the second quarter worth about $2,439,000. Hillsdale Investment Management Inc. purchased a new position in shares of HealthStream during the first quarter worth about $2,278,000. Finally, Aviva PLC grew its holdings in shares of HealthStream by 125.8% during the first quarter. Aviva PLC now owns 156,389 shares of the technology company’s stock worth $3,746,000 after buying an additional 87,126 shares during the last quarter. 73.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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