Phreesia (NYSE:PHR) Given a $33.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $33.00 target price on Phreesia (NYSE:PHR) in a research note released on Tuesday morning, TipRanks reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. William Blair initiated coverage on shares of Phreesia in a report on Monday, August 12th. They issued an outperform rating on the stock. Wells Fargo & Co assumed coverage on shares of Phreesia in a research report on Monday, August 12th. They issued an outperform rating and a $23.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Phreesia in a research note on Tuesday, August 13th. They set an overweight rating and a $33.00 target price for the company. Finally, Chardan Capital initiated coverage on shares of Phreesia in a research note on Tuesday, July 23rd. They set a buy rating and a $33.00 target price for the company. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and an average target price of $30.50.

Shares of PHR traded up $0.29 during mid-day trading on Tuesday, hitting $25.61. 184,581 shares of the company traded hands, compared to its average volume of 279,973. The business has a 50-day moving average price of $26.67. Phreesia has a 1 year low of $22.05 and a 1 year high of $29.38.

In other Phreesia news, Director Scott Perricelli sold 743,388 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ii L.P. Chv sold 335,767 shares of the company’s 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 disclosure for this sale can be found here.

Phreesia Company Profile

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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Analyst Recommendations for Phreesia (NYSE:PHR)

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