VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.04 Million in Phreesia, Inc. $PHR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Phreesia, Inc. (NYSE:PHR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 100,830 shares of the company's stock, valued at approximately $1,038,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.16% of Phreesia at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Deutsche Bank AG bought a new position in Phreesia in the 2nd quarter valued at $538,000. Flputnam Investment Management Co. bought a new position in shares of Phreesia in the second quarter worth $1,656,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Phreesia in the second quarter worth $3,344,000. Principal Financial Group Inc. raised its position in shares of Phreesia by 213.7% in the first quarter. Principal Financial Group Inc. now owns 165,173 shares of the company's stock worth $1,384,000 after buying an additional 112,516 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its stake in Phreesia by 172.6% during the fourth quarter. King Luther Capital Management Corp now owns 268,314 shares of the company's stock valued at $4,540,000 after buying an additional 169,900 shares during the period. Hedge funds and other institutional investors own 92.10% of the company's stock.

Phreesia Stock Up 0.3%

Shares of PHR opened at $10.34 on Monday. Phreesia, Inc. has a 1 year low of $7.77 and a 1 year high of $25.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a 50 day simple moving average of $11.23 and a two-hundred day simple moving average of $10.40. The firm has a market cap of $641.62 million, a P/E ratio of 60.81 and a beta of 0.86.

Phreesia (NYSE:PHR - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). The business had revenue of $129.46 million for the quarter, compared to analysts' expectations of $129.06 million. Phreesia had a return on equity of 5.22% and a net margin of 2.06%.The company's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. On average, analysts forecast that Phreesia, Inc. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PHR. Robert W. Baird boosted their target price on Phreesia from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, September 4th. Weiss Ratings cut Phreesia from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, September 4th. Royal Bank Of Canada reiterated an "outperform" rating and set a $19.00 price target on shares of Phreesia in a research report on Thursday, September 3rd. Raymond James Financial lowered Phreesia from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $14.00 price objective on shares of Phreesia in a research report on Monday, August 31st. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $14.00.

Phreesia Profile

Phreesia, Inc is a healthcare technology company that provides software and services designed to help healthcare organizations manage patient intake and engagement. Its platform digitizes administrative and clinical processes that traditionally rely on paper forms, manual data entry, and separate payment systems.

The company's offerings include digital patient check-in and registration, insurance and demographic information collection, appointment-related communications, electronic forms and consent management, patient surveys, and payment processing.

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