Janet Gunzburg Sells 2,768 Shares of Phreesia, Inc. (NYSE:PHR) Stock

Phreesia, Inc. (NYSE:PHR) insider Janet Gunzburg sold 2,768 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $23.10, for a total value of $63,940.80. Following the completion of the transaction, the insider now owns 36,132 shares in the company, valued at approximately $834,649.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Janet Gunzburg also recently made the following trade(s):

• On Monday, April 8th, Janet Gunzburg sold 1,709 shares of Phreesia stock. The shares were sold at an average price of $22.62, for a total value of $38,657.58.
• On Tuesday, March 19th, Janet Gunzburg sold 2,817 shares of Phreesia stock. The stock was sold at an average price of $23.27, for a total value of $65,551.59.
• On Friday, February 9th, Janet Gunzburg sold 480 shares of Phreesia stock. The stock was sold at an average price of $28.00, for a total value of $13,440.00.
• On Thursday, February 1st, Janet Gunzburg sold 328 shares of Phreesia stock. The stock was sold at an average price of $25.99, for a total value of $8,524.72.

Phreesia Price Performance

Shares of NYSE PHR opened at $23.58 on Friday. The stock has a market cap of $1.33 billion, a PE ratio of -9.36 and a beta of 0.92. Phreesia, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $34.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a fifty day moving average of $24.70 and a 200-day moving average of $21.15.

Phreesia (NYSE:PHR) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.02. The company had revenue of $95.00 million during the quarter, compared to analysts’ expectations of $93.52 million. Phreesia had a negative return on equity of 53.33% and a negative net margin of 38.42%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.72) earnings per share. Equities research analysts anticipate that Phreesia, Inc. will post -1.48 earnings per share for the current year.

Analyst Ratings Changes

PHR has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on Phreesia in a report on Monday, February 26th. They set a “buy” rating and a $35.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $23.00 price target on shares of Phreesia in a report on Thursday, March 21st. Barclays began coverage on Phreesia in a report on Wednesday, January 3rd. They set an “overweight” rating and a $29.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $29.00 target price on shares of Phreesia in a research report on Friday, March 15th. Finally, Robert W. Baird raised their target price on Phreesia from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.62.

Hedge Funds Weigh In On Phreesia

Several hedge funds have recently made changes to their positions in PHR. International Assets Investment Management LLC grew its position in shares of Phreesia by 1,987.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,482 shares of the company’s stock valued at $34,000 after purchasing an additional 1,411 shares in the last quarter. Captrust Financial Advisors boosted its stake in Phreesia by 154.6% during the second quarter. Captrust Financial Advisors now owns 1,426 shares of the company’s stock valued at $36,000 after buying an additional 866 shares during the period. Acadian Asset Management LLC bought a new stake in Phreesia during the first quarter valued at $43,000. State of Wyoming boosted its stake in Phreesia by 34.6% during the second quarter. State of Wyoming now owns 1,918 shares of the company’s stock valued at $59,000 after buying an additional 493 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Phreesia by 85.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,137 shares of the company’s stock valued at $80,000 after buying an additional 1,445 shares during the period. 92.10% of the stock is currently owned by hedge funds and other institutional investors.

Phreesia Company Profile

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.