Phreesia (NYSE:PHR) Short Interest Update

Phreesia (NYSE:PHR) was the target of a significant growth in short interest in November. As of November 29th, there was short interest totalling 1,890,000 shares, a growth of 11.8% from the November 14th total of 1,690,000 shares. Based on an average daily trading volume, of 227,700 shares, the days-to-cover ratio is presently 8.3 days. Currently, 11.7% of the company’s stock are sold short.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY acquired a new position in Phreesia during the 3rd quarter valued at approximately $161,000. Millennium Management LLC bought a new position in shares of Phreesia during the 3rd quarter valued at $685,000. Zimmer Partners LP bought a new position in shares of Phreesia during the 3rd quarter valued at $606,000. California State Teachers Retirement System bought a new position in shares of Phreesia during the 3rd quarter valued at $387,000. Finally, State Street Corp bought a new position in shares of Phreesia during the 3rd quarter valued at $3,827,000. 49.88% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on PHR. Piper Jaffray Companies set a $33.00 price target on Phreesia and gave the company a “buy” rating in a research note on Tuesday, September 10th. Robert W. Baird started coverage on shares of Phreesia in a research note on Thursday, October 10th. They issued an “outperform” rating and a $31.00 target price on the stock. Zacks Investment Research cut shares of Phreesia from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, ValuEngine cut shares of Phreesia from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $30.60.

Phreesia stock traded down $2.16 during mid-day trading on Friday, reaching $26.51. 2,898,539 shares of the company’s stock traded hands, compared to its average volume of 150,436. The firm’s 50 day moving average price is $28.75. The company has a quick ratio of 3.52, a current ratio of 4.01 and a debt-to-equity ratio of 0.21. Phreesia has a 12-month low of $22.05 and a 12-month high of $31.00.

Phreesia (NYSE:PHR) last released its quarterly earnings results on Tuesday, December 10th. The company reported ($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. The firm had revenue of $32.80 million for the quarter, compared to analysts’ expectations of $29.48 million. Phreesia’s revenue for the quarter was up 32.3% compared to the same quarter last year. On average, equities research analysts anticipate that Phreesia will post -0.5 earnings per share for the current fiscal year.

About Phreesia

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.

Read More: Are sell-side analysts objective?

Receive News & Ratings for Phreesia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phreesia and related companies with MarketBeat.com's FREE daily email newsletter.