Phreesia, Inc. (NYSE:PHR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Phreesia, Inc. (NYSE:PHR) have been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $16.6471.

PHR has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Phreesia from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 20th. Truist Financial boosted their target price on shares of Phreesia from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, May 28th. Stephens cut their price target on shares of Phreesia from $32.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Wall Street Zen raised shares of Phreesia from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $16.00 price objective (down from $24.00) on shares of Phreesia in a report on Tuesday, March 31st.

Institutional Trading of Phreesia

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Phreesia by 1,119.8% in the first quarter. EverSource Wealth Advisors LLC now owns 3,269 shares of the company’s stock valued at $27,000 after purchasing an additional 3,001 shares during the period. Van ECK Associates Corp increased its holdings in Phreesia by 78.7% during the 4th quarter. Van ECK Associates Corp now owns 2,502 shares of the company’s stock worth $42,000 after purchasing an additional 1,102 shares during the period. New York State Teachers Retirement System bought a new stake in Phreesia during the 1st quarter valued at $44,000. Rockefeller Capital Management L.P. raised its position in Phreesia by 354.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,755 shares of the company’s stock valued at $47,000 after purchasing an additional 2,149 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Phreesia by 83.4% in the 4th quarter. KBC Group NV now owns 3,449 shares of the company’s stock worth $58,000 after buying an additional 1,568 shares during the period. Institutional investors own 92.10% of the company’s stock.

Phreesia Stock Performance

Phreesia stock opened at $10.22 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.76 and a quick ratio of 1.76. The firm has a market capitalization of $631.51 million, a P/E ratio of 68.11 and a beta of 0.87. Phreesia has a 1-year low of $7.77 and a 1-year high of $32.76. The company’s 50-day moving average is $9.86 and its 200 day moving average is $11.10.

Phreesia (NYSE:PHR) last announced its earnings results on Wednesday, May 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Phreesia had a return on equity of 5.13% and a net margin of 1.85%.The business had revenue of $130.94 million during the quarter, compared to analyst estimates of $130.08 million. During the same quarter in the previous year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. Research analysts forecast that Phreesia will post 0.39 EPS for the current year.

Phreesia Company Profile

Phreesia, Inc (NYSE: PHR) is a provider of patient intake management solutions designed to streamline front-office workflows for healthcare organizations. The company’s cloud-based platform digitizes patient registration, appointment scheduling, insurance verification, consent documentation and payment collection through touchscreen kiosks, tablets and mobile devices. By replacing paper forms and manual processes, Phreesia enhances data accuracy, reduces administrative burden and improves the patient experience.

Founded in 2000 by Chaim Indig and headquartered in Burlington, Massachusetts, Phreesia offers a modular software suite that integrates with electronic medical record (EMR) and practice management systems.