Phreesia, Inc. (NYSE:PHR) Short Interest Update

Phreesia, Inc. (NYSE:PHR - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 2,410,000 shares, a growth of 20.5% from the March 31st total of 2,000,000 shares. Based on an average trading volume of 490,300 shares, the short-interest ratio is presently 4.9 days. Approximately 4.4% of the shares of the company are short sold.

Insider Activity at Phreesia

In related news, COO Evan Roberts sold 16,005 shares of Phreesia stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $30.00, for a total value of $480,150.00. Following the transaction, the chief operating officer now owns 748,302 shares in the company, valued at $22,449,060. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Balaji Gandhi sold 28,759 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $30.00, for a total transaction of $862,770.00. Following the sale, the chief financial officer now owns 116,174 shares of the company's stock, valued at $3,485,220. This trade represents a 19.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,660 shares of company stock valued at $3,124,263. Corporate insiders own 5.80% of the company's stock.

Institutional Trading of Phreesia

Large investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in shares of Phreesia by 0.9% in the 4th quarter. Invesco Ltd. now owns 40,249 shares of the company's stock valued at $1,013,000 after purchasing an additional 357 shares in the last quarter. NewEdge Advisors LLC boosted its position in Phreesia by 12.1% in the fourth quarter. NewEdge Advisors LLC now owns 4,256 shares of the company's stock valued at $107,000 after buying an additional 459 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in Phreesia by 0.7% during the first quarter. Arcadia Investment Management Corp MI now owns 92,770 shares of the company's stock worth $2,371,000 after buying an additional 615 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Phreesia by 8.0% during the first quarter. QRG Capital Management Inc. now owns 11,118 shares of the company's stock worth $284,000 after buying an additional 827 shares in the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of 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 last quarter. 92.10% of the stock is currently owned by institutional investors.

Phreesia Price Performance

Shares of PHR stock traded up $0.44 during trading hours on Friday, hitting $25.67. The company had a trading volume of 429,925 shares, compared to its average volume of 431,343. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -17.46 and a beta of 0.82. Phreesia has a 12 month low of $17.07 and a 12 month high of $30.53. The firm's fifty day moving average is $25.22 and its 200 day moving average is $24.51.

Analysts Set New Price Targets

PHR has been the topic of a number of research analyst reports. KeyCorp lowered their target price on Phreesia from $30.00 to $28.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and issued a $33.00 price objective (up previously from $31.00) on shares of Phreesia in a research note on Wednesday, January 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $29.00 target price on shares of Phreesia in a research report on Thursday, March 13th. Canaccord Genuity Group raised their price target on shares of Phreesia from $34.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Finally, Royal Bank of Canada upgraded shares of Phreesia from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $24.00 to $32.00 in a report on Wednesday, January 8th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $31.33.

About Phreesia

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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