Tabula Rasa HealthCare Inc (NASDAQ:TRHC) – Equities research analysts at Oppenheimer decreased their Q1 2018 earnings per share (EPS) estimates for shares of Tabula Rasa HealthCare in a note issued to investors on Tuesday, March 13th, according to Zacks Investment Research. Oppenheimer analyst M. Naidu now expects that the company will earn ($0.06) per share for the quarter, down from their previous forecast of $0.02. Oppenheimer has a “Outperform” rating and a $47.00 price objective on the stock.
Tabula Rasa HealthCare (NASDAQ:TRHC) last posted its earnings results on Monday, March 12th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Tabula Rasa HealthCare had a negative return on equity of 1.96% and a net margin of 10.63%. The business had revenue of $43.93 million during the quarter, compared to analyst estimates of $38.91 million. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 60.9% on a year-over-year basis.
Other equities research analysts have also issued research reports about the stock. Chardan Capital reiterated a “buy” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Tabula Rasa HealthCare in a research note on Friday, March 16th. Citigroup assumed coverage on shares of Tabula Rasa HealthCare in a research report on Thursday, January 4th. They set a “buy” rating for the company. BidaskClub raised shares of Tabula Rasa HealthCare from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research downgraded shares of Tabula Rasa HealthCare from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, CIBC reissued an “outperform” rating and set a $47.00 target price (up from $35.00) on shares of Tabula Rasa HealthCare in a research report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.40.
Shares of TRHC traded up $0.24 on Friday, reaching $39.18. The company’s stock had a trading volume of 571,040 shares, compared to its average volume of 624,948. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.21 and a quick ratio of 1.11. Tabula Rasa HealthCare has a twelve month low of $11.59 and a twelve month high of $41.83. The firm has a market capitalization of $779.33, a PE ratio of -979.50, a P/E/G ratio of 8.65 and a beta of 2.39.
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Tabula Rasa HealthCare by 79.8% in the 3rd quarter. Wells Fargo & Company MN now owns 12,768 shares of the company’s stock worth $341,000 after purchasing an additional 5,668 shares during the period. JPMorgan Chase & Co. bought a new stake in Tabula Rasa HealthCare in the 3rd quarter worth $563,000. EAM Investors LLC grew its holdings in Tabula Rasa HealthCare by 21.5% in the 4th quarter. EAM Investors LLC now owns 178,588 shares of the company’s stock worth $5,009,000 after acquiring an additional 31,596 shares during the last quarter. Pier Capital LLC boosted its stake in shares of Tabula Rasa HealthCare by 33.3% during the 4th quarter. Pier Capital LLC now owns 206,905 shares of the company’s stock valued at $5,804,000 after purchasing an additional 51,673 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Tabula Rasa HealthCare by 13.4% during the 2nd quarter. Vanguard Group Inc. now owns 236,964 shares of the company’s stock valued at $3,566,000 after purchasing an additional 27,997 shares in the last quarter. Hedge funds and other institutional investors own 47.28% of the company’s stock.
In other Tabula Rasa HealthCare news, CEO Calvin H. Knowlton sold 8,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $32.75, for a total value of $262,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce Luehrs sold 12,234 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $38.01, for a total transaction of $465,014.34. The disclosure for this sale can be found here. Insiders have sold a total of 324,000 shares of company stock valued at $11,262,438 over the last three months. Insiders own 45.80% of the company’s stock.
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Tabula Rasa HealthCare Company Profile
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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