Phreesia (NYSE:PHR) Sees Unusually-High Trading Volume

Shares of Phreesia (NYSE:PHR) saw unusually-high trading volume on Friday . Approximately 792,600 shares changed hands during mid-day trading, an increase of 163% from the previous session’s volume of 301,499 shares.The stock last traded at $27.66 and had previously closed at $26.24.

PHR has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $33.00 price target on shares of Phreesia and gave the company a “buy” rating in a research report on Tuesday, September 10th. William Blair initiated coverage on shares of Phreesia in a research report on Monday, August 12th. They set an “outperform” rating on the stock. Chardan Capital initiated coverage on shares of Phreesia in a research report on Tuesday, July 23rd. They set a “buy” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Phreesia in a research report on Tuesday, August 13th. They set an “overweight” rating and a $33.00 price target on the stock. Finally, Robert W. Baird initiated coverage on shares of Phreesia in a research report on Thursday. They set an “outperform” rating and a $31.00 price target on the stock. Six equities 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 $30.60.

The company has a 50-day moving average price of $26.07. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.21.



In other news, major shareholder Ii L.P. Chv sold 335,767 shares of the stock in a transaction dated 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Scott Perricelli sold 743,388 shares of the stock in a transaction dated Monday, July 22nd. The stock was 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.

About Phreesia (NYSE:PHR)

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.

Further Reading: Basic Economics

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