Analysts at Robert W. Baird have launched coverage of HealthStream shares with a 'neutral' rating and a price target of $27. That leaves less than 10 percent of upside from where the shares (Ticker: HSTM) are changing hands today. They're down about 15 percent year to date.
Longtime HealthStream director Tom Dent last week cashed in on some stock options that would have expired in May. Dent, who co-founded PhyCor way back when and now leads three-state clinic operator Urgent Team, exercised 10,000 options at an average price of $3.12 and then sold almost 14,000 shares for more than $25 each. His proceeds from the transactions came to more than $320,000. At about 1:20 p.m. Monday, shares of HealthStream (Ticker: HSTM) were changing hands around $25, down 1.6 percent on the day. So far this year, they're off 15 percent.
Avondale Partners analyst Richard Close says investors should jump at the chance to pick up shares of HealthStream after they took an 11 percent lickin' Thursday (Ticker: HSTM) following the company's Q4 report and issuance of 2015 guidance. That guidance of a drop in net income of about a third will scare off some investors, Close said, but it should turn out to be on the conservative side as the company reaps the rewards of various investments. Sticking to his 'market outperform' target and $33 target, Close told clients Thursday that HealthStream "has built an extremely valuable platform and product additions can help sustain steady growth [...] We would get more aggressive on a meaningful pullback."
Over at Deutsche Bank, analysts Ryan Todd and Igor Grinman are nowhere near as bullish on the prospects of Delek US Holdings. They say the Brentwood-based owner of refineries in East Texas and Arkansas is at a relative disadvantage to some competitors and have trimmed their price target to $37 from $40. Delek (Ticker: DK) closed Thursday trading at $32.95.
HealthStream has pulled together various recruiting, tracking and assessment tools that help health care organizations find and hire the talent they want. The HealthStream Recruiting Center features dahsboards and various features to both speed up the hiring process and give employers more peace of mind about the type of people they're bringing in. As with other parts of HealthStream's spectrum of training and education products, it includes modules provided by the company's clients and partners. All the info is here.
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