Phreesia, Inc. (NYSE:PHR) SVP Michael J. Davidoff Sells 1,296 Shares of Stock

Phreesia, Inc. (NYSE:PHRGet Rating) SVP Michael J. Davidoff sold 1,296 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $27.60, for a total value of $35,769.60. Following the completion of the sale, the senior vice president now owns 108,312 shares in the company, valued at approximately $2,989,411.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Phreesia Stock Down 1.1 %

PHR stock opened at $27.40 on Tuesday. The business’s 50-day moving average price is $24.69 and its 200-day moving average price is $24.00. The stock has a market cap of $1.44 billion, a P/E ratio of -7.85 and a beta of 0.75. Phreesia, Inc. has a twelve month low of $13.19 and a twelve month high of $76.10. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Phreesia

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors boosted its holdings in Phreesia by 154.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,426 shares of the company’s stock worth $36,000 after buying an additional 866 shares during the period. Assetmark Inc. boosted its stake in shares of Phreesia by 42.2% in the second quarter. Assetmark Inc. now owns 1,685 shares of the company’s stock worth $42,000 after acquiring an additional 500 shares during the period. Advisor Group Holdings Inc. raised its stake in Phreesia by 63.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,319 shares of the company’s stock valued at $55,000 after purchasing an additional 512 shares during the period. Hardy Reed LLC purchased a new position in Phreesia in the 1st quarter worth approximately $65,000. Finally, BloombergSen Inc. boosted its stake in Phreesia by 57.1% in the 2nd quarter. BloombergSen Inc. now owns 5,500 shares of the company’s stock worth $138,000 after purchasing an additional 2,000 shares during the period. 89.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on PHR. Canaccord Genuity Group dropped their target price on Phreesia from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. Guggenheim upped their target price on shares of Phreesia from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. SVB Leerink boosted their price objective on shares of Phreesia from $27.00 to $31.00 and gave the stock a “market perform” rating in a report on Thursday, September 8th. Piper Sandler reduced their target price on Phreesia from $42.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, June 14th. Finally, KeyCorp initiated coverage on Phreesia in a research report on Thursday, September 15th. They set an “overweight” rating and a $40.00 price objective on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.21.

About Phreesia

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Phreesia, Inc provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada. Its Phreesia Platform offers a suite of solutions to manage the patient intake process, as well as an integrated payments solution for processing of patient payments.

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