Piper Sandler analyst Jessica Tassan maintained a Buy rating on Phreesia (PHR – Research Report) today and set a price target of $29.00. The company’s shares closed yesterday at $22.26.
According to TipRanks, Tassan is an analyst with an average return of -0.8% and a 41.41% success rate. Tassan covers the Healthcare sector, focusing on stocks such as CVS Health, Health Catalyst, and Veradigm.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Phreesia with a $30.45 average price target.
Based on Phreesia’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $95.01 million and a GAAP net loss of $30.65 million. In comparison, last year the company earned a revenue of $76.59 million and had a GAAP net loss of $38.02 million
Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PHR in relation to earlier this year.
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Phreesia (PHR) Company Description:
Phreesia, Inc. provides patient check-in solutions for medical practices. It provides solutions that transform the healthcare experience by engaging patients in their care and enabling healthcare provider organizations to optimize operational efficiency, improve profitability and enhance clinical care. Through the SaaS-based Phreesia Platform the company offers healthcare provider organizations a robust suite of solutions to manage the patient intake process and a payments solution for secure processing of patient payments. Its platform also provides life sciences companies with an engagement channel for targeted and direct communication with patients. Phreesia was founded by Chaim Indig and Evan Roberts in January 2005 and is headquartered in New York, NY.
