On Jan. 04, Roberts Evan divested U.S. $5,358,583 in shares of Phreesia Inc.. The COO sold 101,713 shares at a price per share of $52.68. The transaction decreased this specific insider’s holdings to 585,387 shares worth around $32.35 million at present.
Another 6,000 shares were sold by Smith Mark Douglas, for more than $315,411 in total proceeds. The Dir dumped the shares at a price of $52.57 and the insider now owns almost 6,110 shares.
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That same day, Vanduyn Amy Beth sold 500 shares. The SVP, HR divested U.S. $27,128 in shares of Phreesia Inc. at a price per share of $54.26. The transaction decreased this specific insider’s holdings to 44,267 shares worth around $2446637.09 at present.
Stephens launched its Phreesia Inc. [PHR] rating to the equivalent of an Overweight and assigned the price target of $50, in a research note dated November 11, 2020. That figure represents around a -10.54% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with Stephens’s analysts assigning the shares to “an Overweight” rating in a research note to investors issued in mid November. Meanwhile, Needham had launched its coverage on PHR with “Buy”, in a research note produced for clients October 27, 2020. In addition, there was a new coverage from DA Davidson on September 22, 2020. The research firm rated PHR “a Buy”.
Is Phreesia Inc. [NYSE:PHR] a Good Buy Right Now?
It should be noted that PHR technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Phreesia Inc.’s Trend Spotter indicated that the signals were Bullish. The stock current average is 0.56 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.44 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.48 million shares.
PHR Price Performance
On Wall Street, Phreesia Inc. [NYSE:PHR] finished Wednesday’s session up 2.26% at $55.27. The stock went up to $56.47 at the same session while its lowest single day price was $53.35. In the last five days, it saw a rise of about 0.95%, Phreesia Inc. shares gained by almost 1.86% since the beginning of the year. However, the share price has dropped to as low as -7.37% below its one year high. On 01/06/21, the company shares recorded $56.47, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $51.20. The company’s shares have inclined by 102.90% in the past year. The 50-day SMA achieved is $46.94 while the 200-day SMA is $32.86. Volume gained to 0.37 million from 0.33 million in the previous session.
PHR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 53.59 level, and in case of violation of this particular level, it will cause more drop to 51.91 level. On the upper level, 58.15 is still the key resistance. The stock may increase to the subsequent resistance at 56.71. The Relative Strength Index (RSI) pinned on the 14-day chart is 59.25, implying a neutral technical stance while the MACD stands at -1.43, meaning price will decrease in the next trading period. Percent R indicator moved to 47.82%, implying low price movement. Stochastic %K at 36.71% suggest holding the stock.
What is the short interest in Phreesia Inc.?
Short interest in the Phreesia Inc. stock has plunged, decreasing by 80000.0 shares to total 1.32 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.24 million, data from Yahoo Finance shows. The increase of 6.06% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.76% of the overall float for the stock.
Phreesia Inc.’s Biggest Shareholders: Who Owns Phreesia Inc. [PHR]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 1,986,577 shares or roughly 4.62% of the outstanding PHR shares. This means their shares have increased by 149,318 from the 1,986,577 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, FIAM LLC updated stake is worth $86,860,380. Details in the latest 13F filings reveal that T. Rowe Price Associates, Inc. disposed off their -4.11% stake valued at $77,379,051 while Brown Advisory LLC added theirs at $75,971,407. During the last quarter, T. Rowe Price Associates, Inc. liquidated -75,187 of its shares in Phreesia Inc. while Brown Advisory LLC bought 128,707 shares. The TimesSquare Capital Management LL’s holdings currently number 1,494,160 shares at $82582223.2. According to the firm’s last 13F report, Jennison Associates LLC shares in the company at filing stood at 1,469,764 shares, roughly $64,904,778.
PHR Earnings Forecast For The Current Quarter
Phreesia Inc. [PHR] is expected to report strong earnings results for the quarter ending on Jan 2021. Consensus estimates give the company expected revenues of $39.39M and an earnings per share of -$0.1 for Jan 2021. Looking further ahead, the company is expected to report revenue of $41.95M at an EPS of -$0.09 for Apr 2021. The estimates represent upside of 23.50% and 25.70% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
PHR Earnings Estimates For The Current Year
For the financial year, Phreesia Inc. [NYSE:PHR] is expected to bring in revenue of $146.04M. The returns are nearly $21.26 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at -0.35, lower than that of FY20 by -$0.25. Estimates put this year’s earnings growth at -250.00%, 25.70% for the next. As for sales, forecasts are for an increase of 17.00% in the current fiscal year and a further 23.50% over the following year.
What are analyst thoughts on Phreesia Inc.?
Looking forward to the Phreesia Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Phreesia Inc. stock at $60.00 within the next 12 months, which represents almost 7.88 per cent growth from its previous closing price of $55.27. The highest analysts’ target for Phreesia Inc. stock projections is $75.00 and the lowest one is $51.00. Still, 14 analysts sharing their consensus rating for PHR stock in 2021 agree that it is a Buy.