HealthStream (NASDAQ:HSTM) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of HealthStream (NASDAQ:HSTM) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

HealthStream Trading Down 1.5 %

NASDAQ:HSTM opened at $27.19 on Friday. The stock has a market capitalization of $826.58 million, a price-to-earnings ratio of 46.88, a PEG ratio of 4.26 and a beta of 0.38. The firm has a fifty day simple moving average of $27.36 and a two-hundred day simple moving average of $26.77. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $72.80 million during the quarter, compared to analysts’ expectations of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $0.12 earnings per share. Equities analysts predict that HealthStream will post 0.54 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were issued a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Friday, May 3rd. HealthStream’s payout ratio is 18.97%.

Insider Buying and Selling at HealthStream

In other HealthStream news, SVP Scott Fenstermacher sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total value of $26,190.00. Following the transaction, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at $340,679.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of HealthStream by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after purchasing an additional 31,943 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of HealthStream by 0.9% during the fourth quarter. Heartland Advisors Inc. now owns 640,725 shares of the technology company’s stock valued at $18,459,000 after purchasing an additional 5,593 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of HealthStream by 21.5% during the first quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock valued at $13,192,000 after purchasing an additional 87,400 shares in the last quarter. Invesco Ltd. lifted its position in shares of HealthStream by 3.4% during the third quarter. Invesco Ltd. now owns 309,774 shares of the technology company’s stock valued at $6,685,000 after purchasing an additional 10,265 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of HealthStream by 9.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock valued at $8,280,000 after purchasing an additional 27,274 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

HealthStream Company Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company's solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.