Tabula Rasa HealthCare Inc (NASDAQ:TRHC) has been assigned an average recommendation of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $27.86.
Several research firms recently issued reports on TRHC. Zacks Investment Research cut Tabula Rasa HealthCare from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. BidaskClub cut Tabula Rasa HealthCare from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. First Analysis began coverage on Tabula Rasa HealthCare in a research note on Wednesday, November 1st. They issued an “overweight” rating and a $41.00 target price on the stock. William Blair began coverage on Tabula Rasa HealthCare in a research note on Monday. They issued an “outperform” rating on the stock. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $35.00 target price on shares of Tabula Rasa HealthCare in a research note on Tuesday, November 7th. They noted that the move was a valuation call.
In other Tabula Rasa HealthCare news, major shareholder Growth Fund 1Q Lp Originate sold 684,180 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $25.85, for a total value of $17,686,053.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce Luehrs sold 269,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $25.85, for a total transaction of $6,953,650.00. The disclosure for this sale can be found here. Insiders sold 1,107,180 shares of company stock worth $28,612,003 over the last three months. 45.80% of the stock is owned by insiders.
Shares of Tabula Rasa HealthCare (NASDAQ TRHC) traded down $0.73 during trading hours on Thursday, hitting $27.86. The stock had a trading volume of 241,945 shares, compared to its average volume of 106,561. Tabula Rasa HealthCare has a 52-week low of $11.59 and a 52-week high of $36.80. The company has a current ratio of 0.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.
Tabula Rasa HealthCare (NASDAQ:TRHC) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The firm had revenue of $33.27 million for the quarter, compared to analysts’ expectations of $31.76 million. Tabula Rasa HealthCare had a negative return on equity of 5.58% and a negative net margin of 2.27%. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. analysts anticipate that Tabula Rasa HealthCare will post 0.05 EPS for the current year.
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About Tabula Rasa HealthCare
Tabula Rasa HealthCare, Inc (Tabula Rasa), formerly CareKinesis, Inc, is a provider of patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations and manage risk. The Company delivers its solutions through a suite of technology-enabled products and services for medication risk management, which includes bundled prescription fulfillment and adherence packaging services for client populations with complex prescription needs.
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