Phreesia, Inc. (NYSE:PHR) COO Sells $46,382.94 in Stock

Phreesia, Inc. (NYSE:PHR) COO Evan Roberts sold 2,029 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $22.86, for a total transaction of $46,382.94. Following the completion of the transaction, the chief operating officer now directly owns 754,903 shares in the company, valued at approximately $17,257,082.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, April 8th, Evan Roberts sold 7,178 shares of Phreesia stock. The stock was sold at an average price of $22.62, for a total transaction of $162,366.36.
• On Thursday, March 21st, Evan Roberts sold 25,962 shares of Phreesia stock. The stock was sold at an average price of $23.52, for a total transaction of $610,626.24.

Phreesia Price Performance

Shares of Phreesia stock traded up $0.16 on Wednesday, hitting $23.16. 383,738 shares of the company traded hands, compared to its average volume of 522,719. The stock has a market capitalization of $1.31 billion, a P/E ratio of -9.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.78 and a current ratio of 1.78. Phreesia, Inc. has a 52 week low of $12.05 and a 52 week high of $34.98. The business has a 50-day simple moving average of $24.56 and a 200 day simple moving average of $21.23.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PHR. JMP Securities raised their price objective on shares of Phreesia from $28.00 to $30.00 and gave the stock a “market outperform” rating in a report on Thursday, March 21st. Stephens reaffirmed an “overweight” rating and set a $28.00 price target on shares of Phreesia in a report on Friday, March 22nd. Canaccord Genuity Group lifted their price target on shares of Phreesia from $36.00 to $37.00 and gave the company a “buy” rating in a report on Friday, March 15th. Truist Financial began coverage on shares of Phreesia in a report on Monday, February 26th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $23.00 price target on shares of Phreesia in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Phreesia has an average rating of “Moderate Buy” and a consensus target price of $31.62.

Institutional Investors Weigh In On Phreesia

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in Phreesia in the first quarter worth $43,000. Captrust Financial Advisors boosted its stake in Phreesia by 154.6% during the second 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. International Assets Investment Management LLC boosted its stake in Phreesia by 1,987.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,482 shares of the company’s stock worth $34,000 after buying an additional 1,411 shares during the period. State of Wyoming boosted its stake in Phreesia by 34.6% during the second quarter. State of Wyoming now owns 1,918 shares of the company’s stock worth $59,000 after buying an additional 493 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Phreesia by 85.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,137 shares of the company’s stock worth $80,000 after buying an additional 1,445 shares during the period. Institutional investors own 92.10% of the company’s stock.

Phreesia Company Profile

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.