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Equities research analysts at Stifel Nicolaus began coverage on shares of HealthStream (NASDAQ:HSTM) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.

The analysts wrote, “We are initiating coverage of HealthStream with a Hold rating on the shares. In our view, HealthStream represents a SaaS-based distribution platform for workforce development and performance improvement solutions focused on healthcare professionals. “We believe HealthStream’s competitive advantage lies in its depth and breadth of content, specifically its portfolio of workforce development solutions aimed at government regulatory requirements and professional designation requirements. Although we believe HealthStream operates a strong SaaS-based distribution platform, we believe the company lacks a proprietary technological competitive advantage.”

HealthStream (NASDAQ:HSTM) traded down 1.12% during mid-day trading on Tuesday, hitting $26.234. The stock had a trading volume of 21,449 shares. HealthStream has a 52-week low of $20.76 and a 52-week high of $39.77. The stock’s 50-day moving average is $25.03 and its 200-day moving average is $28.16. The company has a market cap of $723.1 million and a price-to-earnings ratio of 88.43.

HealthStream (NASDAQ:HSTM) last announced its earnings results on Monday, April 21st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $38.50 million for the quarter, compared to the consensus estimate of $38.50 million. During the same quarter last year, the company posted $0.07 earnings per share. HealthStream’s revenue was up 30.1% compared to the same quarter last year. On average, analysts predict that HealthStream will post $0.32 earnings per share for the current fiscal year.

A number of other firms have also recently commented on HSTM. Analysts at Northland Capital Partners downgraded shares of HealthStream from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. They now have a $30.00 price target on the stock, down previously from $43.00. Separately, analysts at Northland Securities downgraded shares of HealthStream from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. They now have a $30.00 price target on the stock, down previously from $43.00. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.50.

HealthStream, Inc (NASDAQ:HSTM) provides Internet-based learning and research solutions for healthcare organizations.

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