StockNews.com Initiates Coverage on Tabula Rasa HealthCare (NASDAQ:TRHC)

Research analysts at StockNews.com started coverage on shares of Tabula Rasa HealthCare (NASDAQ:TRHC) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

Other analysts have also issued reports about the stock. William Blair lowered shares of Tabula Rasa HealthCare from an “outperform” rating to a “market perform” rating in a research note on Monday, August 7th. Benchmark lowered shares of Tabula Rasa HealthCare from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tabula Rasa HealthCare presently has an average rating of “Hold” and an average target price of $8.00.

Tabula Rasa HealthCare Trading Up 0.3 %

NASDAQ TRHC opened at $10.41 on Friday. The company’s 50-day moving average price is $10.33 and its 200-day moving average price is $8.20. The stock has a market cap of $281.64 million, a PE ratio of -2.70 and a beta of 1.56. Tabula Rasa HealthCare has a 12 month low of $3.15 and a 12 month high of $10.43.

Tabula Rasa HealthCare (NASDAQ:TRHC) last posted its quarterly earnings results on Monday, August 7th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.24. The company had revenue of $90.04 million during the quarter, compared to the consensus estimate of $88.82 million. As a group, sell-side analysts forecast that Tabula Rasa HealthCare will post -0.54 earnings per share for the current year.

Institutional Trading of Tabula Rasa HealthCare

A number of institutional investors have recently modified their holdings of TRHC. Teachers Retirement System of The State of Kentucky acquired a new stake in Tabula Rasa HealthCare in the 3rd quarter worth approximately $25,000. Quarry LP acquired a new stake in Tabula Rasa HealthCare in the 2nd quarter worth approximately $32,000. Osaic Holdings Inc. boosted its stake in Tabula Rasa HealthCare by 2,173.1% in the 2nd quarter. Osaic Holdings Inc. now owns 4,137 shares of the company’s stock worth $34,000 after purchasing an additional 3,955 shares in the last quarter. Creative Planning acquired a new stake in Tabula Rasa HealthCare in the 2nd quarter worth approximately $47,000. Finally, Engineers Gate Manager LP acquired a new stake in Tabula Rasa HealthCare in the 3rd quarter worth approximately $54,000. 61.88% of the stock is currently owned by institutional investors.

Tabula Rasa HealthCare Company Profile

Tabula Rasa HealthCare, Inc operates as a healthcare technology company in the United States. The company operates in two segments, CareVention HealthCare and MedWise HealthCare. It offers EireneRx, a cloud-based medication decision-support and e-prescribing platform to access patient medication-related information; and MedWise Risk Score, a medication risk stratification technology for identification of patients in need of clinical intervention.