Investors are poised to add Phreesia Inc. (PHR) Stock to their long term portfolios

Phreesia Inc. [PHR] stock prices are up up 3.20% to $26.44 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PHR shares have gain 8.90% over the last week, with a monthly amount glided 3.36%, and seem to be holding up well over a long-time horizon.

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On 29, July 2022, Phreesia Sets Release Date for Fiscal Second Quarter 2023 Results. In a post published today on Yahoo Finance, Phreesia, Inc. (NYSE: PHR) (“Phreesia”) today announced that it will release its fiscal second quarter 2023 financial results after the close of market trading on Wednesday, September 7, 2022. Phreesia will issue a press release announcing its quarterly results and the company’s quarterly stakeholder letter, both of which will be posted on its investor website at Phreesia will then hold a conference call to discuss its fiscal second quarter results starting at 5:00 PM Eastern Time on the same day.

From an analyst’s perspective:

Phreesia Inc. [NYSE: PHR] stock has seen the most recent analyst activity on April 14, 2022, when Guggenheim initiated its Buy rating and assigned the stock a price target of $45. Previously, SVB Leerink downgraded its rating to Mkt Perform on January 06, 2022, and dropped its price target to $41. On December 02, 2021, Jefferies initiated with a Buy rating and assigned a price target of $70 on the stock. Needham reiterated its Buy rating and increased its price target to $81 on September 02, 2021. Canaccord Genuity initiated its recommendation with a Buy and recommended $81 as its price target on August 27, 2021. JMP Securities started tracking with a Mkt Outperform rating for this stock on July 13, 2021, and assigned it a price target of $80. In a note dated June 08, 2021, Berenberg initiated an Buy rating and iterated a target price of $70 on this stock.

The stock price of Phreesia Inc. [PHR] has been fluctuating between $13.19 and $76.10 over the past year. Phreesia Inc. [NYSE: PHR] shares were valued at $26.44 at the most recent close of the market.

Analyzing the PHR fundamentals

The most recent quarter, Phreesia Inc. [NYSE:PHR] reported sales of 63.35 billion, representing a surge of 31.30%. Gross Margin for this corporation currently stands at +50.33% with Operating Margin at -54.33%, Pretax Margin comes in at -55.33%, and Net Margin reading is -55.41%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.82 points at the first support level, and at 25.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.76, and for the 2nd resistance point, it is at 27.09.

Phreesia Inc. [PHR] reported earnings per share of -$0.71 for its fiscal quarter that ended on 4/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.95/share, meaning a difference of $0.24 and a surprise factor of 25.30%. By comparison, the stated earnings for the previous quarter ended on 1/30/2022 were -$0.7 per share as compared to estimates of -$0.85 per share, a difference of $0.15 representing a surprise of 17.60%.

Ratios To Look Out For

It’s worth pointing out that Phreesia Inc. [NYSE:PHR]’s Current Ratio is 4.90. Further, the Quick Ratio stands at 5.62, while the Cash Ratio is 4.59. Considering the valuation of this stock, the price to sales ratio is 7.30, the price to book ratio is 3.87.

Transactions by insiders

Insider trading, which has resulted in 9 insider purchases of 65,208 shares and 15 insider sales of 25,994 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Davidoff Michael J., SVP, Payer Business, that happened on Jul 21 when 1404.0 shares were sold. Director, Munson Gillian completed a deal on Jul 11 to sell 2605.0 shares. Meanwhile, SVP, Payer Business Davidoff Michael J. sold 5046.0 shares on Jun 24.