During the recent session, Phreesia, Inc. (NYSE:PHR)’s traded shares were 1,697,910, with the beta value of the company hitting 0. At the last check, the stock’s price was $54.86, reflecting an intraday gain of 4.42% or $2.32. The 52-week high for the PHR share is $81.59, that puts it down -48.72% from that peak though still a striking +67.19% gain since the share price plummeted to a 52-week low of $18. The company’s market capitalization is $2.42 Billion, and the average intraday trading volume over the past 10 days was 697.23 Million shares, and the average trade volume was 472.33 Million shares over the past three months.
Phreesia, Inc. (PHR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.8. PHR has a Sell rating from none of the analyst(s) out of 13 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 9 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.17.
Phreesia, Inc. (NYSE:PHR): Trading Information
Phreesia, Inc. (PHR) registered a 4.42% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.77% in intraday trading to $57.87 this Thursday, Apr 08, hitting a weekly high. The stock’s 5-day price performance is 5.78%, and it has moved by 5.47% in 30 days. Based on these gigs, the overall price performance for the year is 1.57%. The short interest in Phreesia, Inc. (NYSE:PHR) is 1.28 Million shares and it means that shorts have 0 day(s) to cover.
The consensus price target of analysts on Wall Street is $64.83, which implies an increase of 18.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $51 and $75 respectively. As a result, PHR is trading at a discount of 36.71% off the target high and -7.04% off the low.
Phreesia, Inc. (PHR) projections and forecasts
Statistics show that Phreesia, Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Phreesia, Inc. (PHR) shares have gone up +70.86% during the last six months, with a year-to-date growth rate less than the industry average at -23.19% against 11.3%. Yet analysts are winding down their growth forecast for the fiscal year 2021. Revenue is predicted to decline -88.9% this quarter and then fall -100% in the quarter after that. In the rating firms’ projections, revenue will increase 23.5% compared to the previous financial year.
Revenue for the current quarter is expected to be $42.94 Million as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $44.93 Million by the end of July 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarter totaled $25.91 Million. In this case, analysts expect current quarter sales to grow by 65.7%.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return -250.1% in 2021, the next five years will return 0% per annum.
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Phreesia, Inc. (NYSE:PHR)’s Biggest Investors
Phreesia, Inc. insiders own 5.84% of total outstanding shares while institutional holders control 99.78%, with the float percentage being 105.97%. FMR, LLC is the largest shareholder of the company, while 272 institutions own stock in it. As of Dec 30, 2020, the company held over 6.62 Million shares (or 14.75% of all shares), a total value of $359.44 Million in shares.
The next largest institutional holding, with 3.09 Million shares, is of Blackrock Inc.’s that is approximately 6.88% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $167.68 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Phreesia, Inc. (PHR) shares are ARK ETF Tr-ARK Genomic Revolution ETF and Smallcap World Fund. Data provided on Feb 27, 2021 indicates that ARK ETF Tr-ARK Genomic Revolution ETF owns about 1,787,609 shares. This amounts to just over 3.98 percent of the company’s overall shares, with a $109.49 Million market value. The same data shows that the other fund manager holds slightly less at 945.66 Thousand, or about 2.11% of the stock, which is worth about $51.31 Million.