Phreesia, Inc. (NYSE:PHR) General Counsel Sells $103,901.12 in Stock

Phreesia, Inc. (NYSE:PHRGet Free Report) General Counsel Allison C. Hoffman sold 3,496 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $29.72, for a total value of $103,901.12. Following the completion of the sale, the general counsel now directly owns 142,630 shares in the company, valued at approximately $4,238,963.60. This represents a 2.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Phreesia Trading Down 0.9 %

Phreesia stock opened at $28.20 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.74 and a quick ratio of 1.74. Phreesia, Inc. has a one year low of $17.07 and a one year high of $30.53. The stock has a market capitalization of $1.64 billion, a PE ratio of -19.18 and a beta of 0.96. The business’s fifty day moving average is $27.29 and its 200 day moving average is $23.84.

Phreesia (NYSE:PHRGet Free Report) last posted its earnings results on Monday, December 9th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.04. Phreesia had a negative return on equity of 32.78% and a negative net margin of 20.43%. The company had revenue of $106.80 million for the quarter, compared to the consensus estimate of $106.33 million. During the same quarter in the prior year, the company earned ($0.58) earnings per share. Phreesia’s revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts predict that Phreesia, Inc. will post -1.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PHR. Johnson Financial Group Inc. lifted its holdings in Phreesia by 381.3% in the fourth quarter. Johnson Financial Group Inc. now owns 1,131 shares of the company’s stock valued at $28,000 after acquiring an additional 896 shares during the period. R Squared Ltd bought a new position in Phreesia in the fourth quarter valued at about $30,000. International Assets Investment Management LLC lifted its holdings in Phreesia by 2,179.7% in the third quarter. International Assets Investment Management LLC now owns 1,459 shares of the company’s stock valued at $33,000 after acquiring an additional 1,395 shares during the period. BankPlus Trust Department bought a new position in Phreesia in the fourth quarter valued at about $34,000. Finally, Quarry LP lifted its holdings in Phreesia by 210.9% in the fourth quarter. Quarry LP now owns 2,835 shares of the company’s stock valued at $71,000 after acquiring an additional 1,923 shares during the period. Institutional investors own 92.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on Phreesia from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JMP Securities reissued a “market outperform” rating and issued a $30.00 target price on shares of Phreesia in a research note on Tuesday, December 10th. Needham & Company LLC reissued a “buy” rating and issued a $29.00 target price on shares of Phreesia in a research note on Friday, January 10th. Truist Financial increased their target price on Phreesia from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada raised Phreesia from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $24.00 to $32.00 in a research note on Wednesday, January 8th. Thirteen equities research analysts have rated the stock with a buy rating, According to MarketBeat, Phreesia currently has an average rating of “Buy” and a consensus price target of $31.15.

View Our Latest Stock Report on PHR

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. 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.

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