Zacks Investment Research upgraded shares of HealthStream Inc. (NASDAQ:HSTM) from a sell rating to a hold rating in a report issued on Monday morning.

According to Zacks, “Healthstream Inc. is pioneering a Web-based solution to meet the training and education needs of the healthcare industry utilizing our proprietary system. Through strategic relationships with medical institutions and commercial organizations, the company has amassed hours of training and education courses. The company distributes hours of these courses online to allied healthcare professionals, nurses, doctors and other healthcare workers. “

Several other analysts have also issued reports on the stock. Needham & Company LLC restated a buy rating and issued a $28.00 price objective (down from $32.00) on shares of HealthStream in a report on Sunday, November 6th. Craig Hallum lowered shares of HealthStream from a buy rating to a hold rating and reduced their price objective for the company from $35.00 to $27.00 in a report on Friday, November 4th. Canaccord Genuity lowered shares of HealthStream from a buy rating to a hold rating and reduced their price objective for the company from $32.00 to $24.00 in a report on Thursday, November 3rd. Finally, FBR & Co reiterated a buy rating on shares of HealthStream in a research note on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $26.50.

Analyst Recommendations for HealthStream (NASDAQ:HSTM)

Shares of HealthStream (NASDAQ:HSTM) opened at 25.06 on Monday. HealthStream has a 12-month low of $17.80 and a 12-month high of $28.84. The company has a market capitalization of $795.38 million, a PE ratio of 138.45 and a beta of 1.21. The stock has a 50 day moving average of $25.68 and a 200-day moving average of $25.56.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. The company earned $58.40 million during the quarter, compared to analysts’ expectations of $58.70 million. HealthStream had a net margin of 2.63% and a return on equity of 3.13%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. Analysts predict that HealthStream will post $0.21 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its stake in HealthStream by 0.4% in the third quarter. Capstone Asset Management Co. now owns 11,083 shares of the company’s stock worth $306,000 after buying an additional 40 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in HealthStream by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,420 shares of the company’s stock worth $150,000 after buying an additional 90 shares during the last quarter. American International Group Inc. raised its stake in HealthStream by 0.8% in the third quarter. American International Group Inc. now owns 19,079 shares of the company’s stock worth $527,000 after buying an additional 149 shares during the last quarter. Wells Fargo & Company MN raised its stake in HealthStream by 1.8% in the third quarter. Wells Fargo & Company MN now owns 9,081 shares of the company’s stock worth $251,000 after buying an additional 160 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in HealthStream by 1.6% in the second quarter. Arizona State Retirement System now owns 12,664 shares of the company’s stock worth $336,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 72.87% of the company’s stock.

HealthStream Company Profile

HealthStream, Inc provides workforce, patient experience and provider solutions for healthcare organizations. Delivered primarily as Software-as-a-Service (SaaS), the Company’s solutions focus on challenges facing the healthcare workforce and healthcare organizations, including the need to manage, retain, engage and develop healthcare workforce talent; meet compliance requirements; manage ongoing medical staff credentialing and privileging processes, and deliver patient experiences of care in healthcare organizations.

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