Several other equities research analysts also recently issued reports on the stock. William Blair downgraded shares of Tabula Rasa HealthCare from an outperform rating to a market perform rating in a research report on Monday, August 7th. Benchmark downgraded shares of Tabula Rasa HealthCare from a buy rating to a hold rating in a research report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $8.00.
Tabula Rasa HealthCare Stock Performance
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky bought a new position in Tabula Rasa HealthCare in the third quarter valued at $25,000. Quarry LP bought a new position in Tabula Rasa HealthCare in the second quarter valued at $32,000. Osaic Holdings Inc. grew its position in Tabula Rasa HealthCare by 2,173.1% in the second quarter. Osaic Holdings Inc. now owns 4,137 shares of the company’s stock valued at $34,000 after purchasing an additional 3,955 shares in the last quarter. Creative Planning bought a new position in Tabula Rasa HealthCare in the second quarter valued at $47,000. Finally, Engineers Gate Manager LP bought a new position in Tabula Rasa HealthCare in the third quarter valued at $54,000. Institutional investors own 61.88% of the company’s stock.
Tabula Rasa HealthCare Company Profile
Tabula Rasa HealthCare, Inc operates as a healthcare technology company in the United States. The company operates in two segments, CareVention HealthCare and MedWise HealthCare. It offers EireneRx, a cloud-based medication decision-support and e-prescribing platform to access patient medication-related information; and MedWise Risk Score, a medication risk stratification technology for identification of patients in need of clinical intervention.
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