Tabula Rasa HealthCare (TRHC) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tabula Rasa HealthCare in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TRHC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRHC, but not buy additional shares or sell existing shares.
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5 brokerages have issued 12-month price objectives for Tabula Rasa HealthCare's shares. Their TRHC share price forecasts range from $6.00 to $10.00. On average, they predict the company's stock price to reach $8.00 in the next twelve months. This suggests that the stock has a possible downside of 22.4%.
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Tabula Rasa HealthCare's stock was trading at $4.95 at the beginning of the year. Since then, TRHC shares have increased by 108.3% and is now trading at $10.31.
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Tabula Rasa HealthCare saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 763,200 shares, a decrease of 21.2% from the August 15th total of 969,000 shares. Based on an average trading volume of 376,400 shares, the short-interest ratio is presently 2.0 days. Currently, 3.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) released its earnings results on Monday, August, 7th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.24. The firm earned $90.04 million during the quarter, compared to analyst estimates of $88.82 million.

24 employees have rated Tabula Rasa HealthCare Chief Executive Officer Calvin H. Knowlton, BScPharm, MDiv, PhD on Glassdoor.com. Calvin H. Knowlton, BScPharm, MDiv, PhD has an approval rating of 91% among the company's employees. This puts Calvin H. Knowlton, BScPharm, MDiv, PhD in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tabula Rasa HealthCare investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Adobe (ADBE), Micron Technology (MU), Boeing (BA), Salesforce (CRM), Intel (INTC) and Netflix (NFLX).

(TRHC) raised $60 million in an IPO on Thursday, September 29th 2016. The company issued 4,300,000 shares at $13.00-$15.00 per share. Wells Fargo Securities, UBS Investment Bank and Piper Jaffray acted as the underwriters for the IPO and Baird and Stifel were co-managers.

Tabula Rasa HealthCare trades on the NASDAQ under the ticker symbol "TRHC."

Tabula Rasa HealthCare's stock is owned by a number of retail and institutional investors. Top institutional investors include Wasatch Advisors LP (4.28%), Kent Lake Capital LLC (2.22%), Acadian Asset Management LLC (1.66%), Portside Wealth Group LLC (1.59%), Kennedy Capital Management LLC (1.34%) and Repertoire Partners LP (1.29%). Insiders that own company stock include Andrea Carolan Speers, Brian W Adams, Calvin H Knowlton, Dennis Helling, Gordon Tunstall, Indaba Capital Management, LP, Jan Berger, Michael Greenhalgh, Michael J Purcell, Orsula V Knowlton, Orsula V Knowlton, Samira Beckwith and Thomas Cancro.
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Shares of TRHC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TRHC stock can currently be purchased for approximately $10.31.

Tabula Rasa HealthCare (NASDAQ:TRHC) has a market capitalization of $278.99 million and generates $299.52 million in revenue each year. The company earns $-147,510,000.00 in net income (profit) each year or ($3.85) on an earnings per share basis.

The company employs 1,027 workers across the globe.

Tabula Rasa HealthCare's mailing address is 228 STRAWBRIDGE DRIVE SUITE 100, MOORESTOWN NJ, 08057. The official website for the company is www.tabularasahealthcare.com. The company can be reached via phone at (866) 648-2767 or via email at tabularasa@westwicke.com.