KeyCorp started coverage on shares of Phreesia (NYSE:PHR – Get Rating) in a research note published on Thursday morning, The Fly reports. The firm issued an overweight rating on the stock.
Other research analysts have also issued research reports about the stock. Raymond James decreased their price target on shares of Phreesia from $45.00 to $34.00 in a research report on Monday, June 6th. Canaccord Genuity Group decreased their price target on shares of Phreesia from $37.00 to $36.00 and set a buy rating on the stock in a research report on Thursday, September 8th. Royal Bank of Canada lifted their price target on shares of Phreesia from $20.00 to $22.00 and gave the stock a sector perform rating in a research report on Thursday, September 8th. JMP Securities lowered their price objective on shares of Phreesia from $50.00 to $34.00 and set a market outperform rating on the stock in a research report on Friday, June 3rd. Finally, SVB Leerink lifted their price objective on shares of Phreesia from $27.00 to $31.00 and gave the stock a market perform rating in a research report on Thursday, September 8th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $35.92.
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Phreesia Price Performance
NYSE PHR opened at $28.72 on Thursday. Phreesia has a 12 month low of $13.19 and a 12 month high of $76.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market capitalization of $1.51 billion, a PE ratio of -8.23 and a beta of 0.75. The company's 50 day simple moving average is $24.63 and its 200 day simple moving average is $24.11.
Insider Buying and Selling at Phreesia
In related news, SVP Michael J. Davidoff sold 5,046 shares of Phreesia stock in a transaction on Friday, June 24th. The shares were sold at an average price of $25.11, for a total value of $126,705.06. Following the completion of the sale, the senior vice president now owns 110,509 shares of the company's stock, valued at approximately $2,774,880.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Michael J. Davidoff sold 1,404 shares of Phreesia stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $25.00, for a total value of $35,100.00. Following the completion of the sale, the senior vice president now owns 108,312 shares of the company's stock, valued at approximately $2,707,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael J. Davidoff sold 5,046 shares of Phreesia stock in a transaction on Friday, June 24th. The shares were sold at an average price of $25.11, for a total transaction of $126,705.06. Following the completion of the sale, the senior vice president now directly owns 110,509 shares of the company's stock, valued at approximately $2,774,880.99. The disclosure for this sale can be found here. Insiders sold 9,055 shares of company stock valued at $228,467 in the last quarter. Company insiders own 5.50% of the company's stock.
Institutional Investors Weigh In On Phreesia
Several institutional investors and hedge funds have recently modified their holdings of PHR. Assetmark Inc. raised its holdings in Phreesia by 42.2% in the 2nd quarter. Assetmark Inc. now owns 1,685 shares of the company's stock worth $42,000 after acquiring an additional 500 shares during the period. US Bancorp DE raised its holdings in Phreesia by 6.6% in the 2nd quarter. US Bancorp DE now owns 8,270 shares of the company's stock worth $207,000 after acquiring an additional 509 shares during the period. Advisor Group Holdings Inc. raised its holdings in Phreesia by 63.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,319 shares of the company's stock worth $55,000 after acquiring an additional 512 shares during the period. Edmond DE Rothschild Holding S.A. raised its holdings in Phreesia by 2.2% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 37,650 shares of the company's stock worth $992,000 after acquiring an additional 800 shares during the period. Finally, Arizona State Retirement System raised its holdings in Phreesia by 6.6% in the 2nd quarter. Arizona State Retirement System now owns 13,192 shares of the company's stock worth $330,000 after acquiring an additional 815 shares during the period. Institutional investors and hedge funds own 89.39% of the company's stock.
About Phreesia
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Phreesia, Inc provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada. Its Phreesia Platform offers a suite of solutions to manage the patient intake process, as well as an integrated payments solution for processing of patient payments.
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