Zacks Investment Research cut shares of HealthStream, Inc. (NASDAQ:HSTM) from a buy rating to a hold rating in a research note published on Wednesday morning, Analyst Ratings.Net reports.

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. “

Shares of HealthStream (NASDAQ:HSTM) traded down 3.37% on Wednesday, hitting $19.76. The stock had a trading volume of 76,675 shares. The firm has a market cap of $625.31 million and a P/E ratio of 61.94. The firm’s 50-day moving average price is $21.52 and its 200 day moving average price is $24.20. HealthStream has a 12 month low of $17.80 and a 12 month high of $32.41.

HSTM has been the topic of a number of other reports. Canaccord Genuity reissued a buy rating and set a $37.00 price objective on shares of HealthStream in a report on Sunday, October 18th. Sidoti raised shares of HealthStream from a neutral rating to a buy rating and set a $24.00 price objective on the stock in a report on Tuesday, January 19th. Finally, William Blair reaffirmed an outperform rating on shares of HealthStream in a report on Wednesday, October 21st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $29.67.

An institutional investor recently raised its position in HealthStream stock. Thomson Horstmann & Bryant boosted its position in HealthStream, Inc. (NASDAQ:HSTM) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,602 shares of the company’s stock after buying an additional 23,595 shares during the period. HealthStream makes up 1.1% of Thomson Horstmann & Bryant’s portfolio, making the stock its 24th largest position. Thomson Horstmann & Bryant’s holdings in HealthStream were worth $10,419,000 at the end of the most recent quarter.

HealthStream, Inc. (NASDAQ:HSTM) 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.

12 Month Chart for NASDAQ:HSTM

Get a free copy of the Zacks research report on HealthStream (HSTM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for HealthStream Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HealthStream Inc. and related companies with MarketBeat.com's FREE daily email newsletter.