Evan Roberts Sells 25,962 Shares of Phreesia, Inc. (NYSE:PHR) Stock

Phreesia, Inc. (NYSE:PHRGet Free Report) COO Evan Roberts sold 25,962 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.52, for a total transaction of $610,626.24. Following the completion of the sale, the chief operating officer now owns 728,570 shares of the company’s stock, valued at approximately $17,135,966.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Evan Roberts also recently made the following trade(s):

  • On Tuesday, January 16th, Evan Roberts sold 2,247 shares of Phreesia stock. The stock was sold at an average price of $24.55, for a total transaction of $55,163.85.

Phreesia Stock Up 3.0 %

Shares of NYSE:PHR opened at $23.70 on Wednesday. The firm has a fifty day moving average price of $25.28 and a two-hundred day moving average price of $20.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.78. Phreesia, Inc. has a one year low of $12.05 and a one year high of $34.98. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -9.40 and a beta of 0.93.

Phreesia (NYSE:PHRGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.02. The firm had revenue of $95.00 million for the quarter, compared to analysts’ expectations of $93.52 million. Phreesia had a negative net margin of 38.42% and a negative return on equity of 53.33%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.72) EPS. Analysts anticipate that Phreesia, Inc. will post -1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PHR. DA Davidson restated a “neutral” rating and set a $32.00 price target on shares of Phreesia in a research note on Friday, March 15th. Stephens reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Phreesia in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $23.00 price objective on shares of Phreesia in a report on Thursday, March 21st. KeyCorp cut their price objective on shares of Phreesia from $40.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, December 7th. Finally, Truist Financial started coverage on shares of Phreesia in a report on Monday, February 26th. They issued a “buy” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Phreesia currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.21.

Get Our Latest Analysis on Phreesia

Institutional Trading of Phreesia

Several institutional investors and hedge funds have recently made changes to their positions in PHR. Envestnet Asset Management Inc. raised its position in Phreesia by 11.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,692 shares of the company’s stock worth $255,000 after purchasing an additional 1,015 shares during the period. JPMorgan Chase & Co. raised its position in Phreesia by 160.9% in the 1st quarter. JPMorgan Chase & Co. now owns 85,546 shares of the company’s stock worth $2,254,000 after purchasing an additional 52,755 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Phreesia by 20.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 8,427 shares of the company’s stock worth $222,000 after purchasing an additional 1,447 shares during the period. Bank of New York Mellon Corp raised its position in Phreesia by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 219,598 shares of the company’s stock worth $5,788,000 after purchasing an additional 2,047 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Phreesia by 27.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,059 shares of the company’s stock worth $424,000 after purchasing an additional 3,473 shares during the period. Hedge funds and other institutional investors own 94.37% of the company’s stock.

About Phreesia

(Get Free Report)

Phreesia, Inc provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada. The company offers access solutions that offers appointment scheduling system for online appointments, reminders, and referral tracking management; registration solution to automate patient self-registration; revenue cycle solution, which offer insurance-verification processes, point-of-sale payments applications, post-visit payment collection, and flexible payment options; and network connect solution to deliver clinically relevant content to patients.

Further Reading

Insider Buying and Selling by Quarter for Phreesia (NYSE:PHR)

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