HealthStream (NASDAQ:HSTM) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of HealthStream (NASDAQ:HSTM) from a buy rating to a strong-buy rating in a report published on Saturday.

HealthStream Trading Down 0.5 %

Shares of NASDAQ HSTM opened at $27.65 on Friday. The firm has a fifty day simple moving average of $27.44 and a two-hundred day simple moving average of $26.79. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The firm has a market capitalization of $840.56 million, a PE ratio of 47.67, a price-to-earnings-growth ratio of 4.20 and a beta of 0.38.

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

HealthStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, May 3rd. HealthStream’s payout ratio is currently 18.97%.

Insider Buying and Selling at HealthStream

In other news, SVP Scott Fenstermacher sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total value of $26,190.00. Following the sale, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at approximately $340,679.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 20.60% of the company’s stock.

Institutional Trading of HealthStream

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in HealthStream by 172.1% in the 2nd quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after buying an additional 630 shares during the last quarter. Parallel Advisors LLC lifted its position in HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock valued at $31,000 after purchasing an additional 501 shares during the period. Diversified Trust Co purchased a new stake in HealthStream in the first quarter worth approximately $213,000. EntryPoint Capital LLC grew its position in HealthStream by 80.4% in the 1st quarter. EntryPoint Capital LLC now owns 8,045 shares of the technology company’s stock worth $214,000 after purchasing an additional 3,586 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new stake in HealthStream during the 4th quarter valued at $241,000. 69.58% of the stock is currently 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.