Tocqueville Asset Management L.P. Invests $3.34 Million in Phreesia, Inc. $PHR

Tocqueville Asset Management L.P. bought a new position in shares of Phreesia, Inc. (NYSE:PHR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 325,000 shares of the company’s stock, valued at approximately $3,344,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PHR. EverSource Wealth Advisors LLC boosted its stake in Phreesia by 1,119.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,269 shares of the company’s stock worth $27,000 after purchasing an additional 3,001 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Phreesia by 78.7% in the fourth quarter. Van ECK Associates Corp now owns 2,502 shares of the company’s stock worth $42,000 after buying an additional 1,102 shares in the last quarter. New York State Teachers Retirement System purchased a new position in shares of Phreesia in the first quarter worth $44,000. Rockefeller Capital Management L.P. boosted its position in shares of Phreesia by 354.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,755 shares of the company’s stock worth $47,000 after acquiring an additional 2,149 shares during the last quarter. Finally, Essential Partners LLC boosted its position in shares of Phreesia by 2,016.6% during the first quarter. Essential Partners LLC now owns 9,313 shares of the company’s stock worth $78,000 after acquiring an additional 8,873 shares during the last quarter. Institutional investors own 92.10% of the company’s stock.

Phreesia Trading Up 0.3%

Shares of PHR opened at $12.00 on Friday. The company’s fifty day moving average is $10.72 and its 200 day moving average is $10.52. Phreesia, Inc. has a fifty-two week low of $7.77 and a fifty-two week high of $32.76. The stock has a market capitalization of $741.74 million, a PE ratio of 80.00 and a beta of 0.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.76 and a current ratio of 1.76.

Phreesia (NYSE:PHR) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Phreesia had a net margin of 1.85% and a return on equity of 5.13%. The company had revenue of $130.94 million for the quarter, compared to the consensus estimate of $130.08 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Phreesia’s revenue was up 12.9% on a year-over-year basis. Sell-side analysts expect that Phreesia, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on PHR shares. Truist Financial lifted their price target on shares of Phreesia from $11.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of Phreesia from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Wells Fargo & Company reissued an “equal weight” rating and set a $9.00 price objective (down from $15.00) on shares of Phreesia in a report on Wednesday, May 20th. Barclays restated an “equal weight” rating and set a $10.00 price objective (down from $24.00) on shares of Phreesia in a research report on Thursday, May 14th. Finally, Canaccord Genuity Group reduced their target price on Phreesia from $22.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, May 28th. Nine investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.65.

About Phreesia

Phreesia, Inc (NYSE: PHR) is a provider of patient intake management solutions designed to streamline front-office workflows for healthcare organizations. The company’s cloud-based platform digitizes patient registration, appointment scheduling, insurance verification, consent documentation and payment collection through touchscreen kiosks, tablets and mobile devices. By replacing paper forms and manual processes, Phreesia enhances data accuracy, reduces administrative burden and improves the patient experience.

Founded in 2000 by Chaim Indig and headquartered in Burlington, Massachusetts, Phreesia offers a modular software suite that integrates with electronic medical record (EMR) and practice management systems.