Phreesia, Inc. (NYSE:PHR) Given Average Rating of “Hold” by Brokerages

Phreesia, Inc. (NYSE:PHR) has been given a consensus recommendation of “Hold” by the nineteen analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.6471.

PHR has been the topic of several recent analyst reports. Piper Sandler lowered shares of Phreesia from an “overweight” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research note on Thursday, May 28th. Citizens Jmp reiterated a “market perform” rating on shares of Phreesia in a report on Wednesday, April 1st. DA Davidson reissued a “buy” rating and set a $14.00 price target on shares of Phreesia in a research report on Thursday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $16.00 price target (down from $24.00) on shares of Phreesia in a research report on Tuesday, March 31st. Finally, Weiss Ratings upgraded Phreesia from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday.

Institutional Investors Weigh In On Phreesia

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

Phreesia Price Performance

Shares of PHR opened at $10.22 on Monday. The company has a market cap of $631.53 million, a price-to-earnings 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 fifty day simple moving average is $9.86 and its 200 day simple moving average is $11.14. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.41.

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