The CEO of HealthStream (NASDAQ: HSTM) is Buying Shares

Yesterday, the CEO of HealthStream (HSTMResearch Report), Robert Frist, bought shares of HSTM for $223.4K.

Following Robert Frist’s last HSTM Buy transaction on February 13, 2013, the stock climbed by 1.5%.

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Based on HealthStream’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $63.47 million and quarterly net profit of $2.29 million. In comparison, last year the company earned revenue of $61.57 million and had a net profit of $7.09 million. The company has a one-year high of $25.80 and a one-year low of $17.95. Currently, HealthStream has an average volume of 73.94K.

One of the top 25 analysts, according to TipRanks.com, recently recommended Hold HSTM with a $22.00 price target. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $23.00, reflecting a 8.0% upside.

The insider sentiment on HealthStream has been negative according to 25 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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HealthStream, Inc. engages in the provision of services to healthcare organizations and other members within the healthcare industry. It operates through the following segments: Workforce Solutions and Provider Solutions. The Workforce Solutions segment offers talent management, training, certification, competency assessment, and performance appraisal services. The Provider Solutions consists of credentialing, privileging, call center, and enrollment products and services. The company was founded by Robert A. Frist, Jr. and Jeffery L. McLaren in 1990 and is headquartered in Nashville, TN.