Phreesia (NYSE:PHR) was up 5.6% on Friday . The company traded as high as $27.33 and last traded at $26.67, approximately 193,688 shares changed hands during mid-day trading. A decline of 42% from the average daily volume of 331,676 shares. The stock had previously closed at $25.25.
A number of equities analysts recently weighed in on PHR shares. JPMorgan Chase & Co. started coverage on Phreesia in a report on Tuesday. They issued an “overweight” rating and a $33.00 price target for the company. Wells Fargo & Co began coverage on Phreesia in a research report on Monday. They issued an “outperform” rating and a $23.00 price target for the company. William Blair began coverage on Phreesia in a report on Monday. They issued an “outperform” rating on the stock. Chardan Capital initiated coverage on Phreesia in a report on Tuesday, July 23rd. They issued a “buy” rating and a $33.00 price objective on the stock. Finally, Piper Jaffray Companies initiated coverage on Phreesia in a research note on Monday. They set an “overweight” rating and a $33.00 price target on the stock. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $30.50.
In other news, major shareholder Ii L.P. Chv sold 335,767 shares of Phreesia stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $6,043,806.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Perricelli sold 743,388 shares of Phreesia stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $18.00, for a total transaction of $13,380,984.00. The disclosure for this sale can be found here.
Phreesia, Inc provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada. The company's Phreesia Platform offers a suite of solutions to manage the patient intake process and an integrated payments solution for processing of patient payments.
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