HealthStream (HSTM) was Downgraded by First Analysis Sec to ” Equal-Weight” while Lowering the Price Target of the company shares to $ 27 from a previous price target of $30 . Earlier the firm had a rating of “Overweight ” on the company shares. First Analysis Sec advised their investors in a research report released on Jul 27, 2016.
Many Wall Street Analysts have commented on HealthStream. HealthStream was Initiated by Barrington Research to “Outperform” on Jun 29, 2016. Company shares were Reiterated by Needham on Jun 10, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $26 .
On the company’s financial health, HealthStream reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus of $0.08. The company had revenue of $54.80 million for the quarter, compared to analysts expectations of $56.80 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
HealthStream opened for trading at $24.24 and hit $25.36 on the upside on Thursday, eventually ending the session at $24.89, with a gain of 2.55% or 0.62 points. The heightened volatility saw the trading volume jump to 3,26,531 shares. Company has a market cap of $790 M.
In a different news, on Feb 23, 2016, Michael Sousa (Senior Vice President) sold 10,000 shares at $21.35 per share price. According to the SEC, on Feb 22, 2016, Jeffrey L Mclaren (director) sold 10,000 shares at $21.22 per share price. On Mar 13, 2015, Thompson Dent (director) sold 13,700 shares at $25.68 per share price, according to the Form-4 filing with the securities and exchange commission.
HealthStream Inc. (HealthStream) provides software as a service (SaaS)-based workforce development solutions and research/patient experience solutions for healthcare organizations designed to assess and develop the people that deliver patient care. HealthStream’s products and services are organized into two segments: HealthStream Workforce Development Solutions and HealthStream Research/Patient Experience Solutions. The Company also offers credentialing privileging quality management and contact center optimization solutions for healthcare organizations. The Company delivers educational activities and training courseware to its customers through its platform application the HealthStream Learning Center (HLC) while delivering competency management and performance appraisal tools through its platform applications the HealthStream Competency Center (HCC) and HealthStream Performance Center (HPC) respectively all on the SaaS-based platform.