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Add as a preferred source on GoogleCraig-Hallum Downgrades HealthStream to Hold After 39% Year-to-Date Gain
The firm cited valuation after shares rose about 50% over six months, despite good quarterly results.
Craig-Hallum downgraded HealthStream, Inc. (HSTM) to hold from buy on Nov. 3, saying the stock's rally had pushed its valuation too high despite good quarterly results.
HealthStream shares had gained about 39% year to date and about 50% over the previous six months. Craig-Hallum pointed to those gains in its valuation rationale for the rating change.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.