Tabula Rasa Healthcare Inc. (TRHC) Releases Quarterly Earnings Results, Meets Expectations
Tabula Rasa Healthcare Inc. (NASDAQ:TRHC) announced its quarterly earnings results on Monday. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06, Bloomberg Earnings reports. The business had revenue of $29.70 million during the quarter, compared to analysts’ expectations of $27.84 million. The firm’s revenue was up 32.6% on a year-over-year basis.
Shares of Tabula Rasa Healthcare (TRHC) traded up 0.75% during midday trading on Monday, hitting $14.86. 44,300 shares of the stock traded hands. Tabula Rasa Healthcare has a 52-week low of $10.39 and a 52-week high of $16.85. The stock has a 50-day moving average of $14.64 and a 200-day moving average of $14.00. The company’s market cap is $255.86 million.
TRHC has been the subject of several research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $16.00 price target on shares of Tabula Rasa Healthcare in a research report on Friday, July 14th. Zacks Investment Research raised shares of Tabula Rasa Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. UBS AG reaffirmed a “buy” rating and issued a $17.00 price target (down previously from $18.00) on shares of Tabula Rasa Healthcare in a research report on Thursday, May 25th. Finally, Chardan Capital initiated coverage on shares of Tabula Rasa Healthcare in a research report on Monday, July 10th. They issued a “buy” rating and a $19.50 price target for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.25.
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In other Tabula Rasa Healthcare news, Director Glen R. Bressner acquired 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of $11.96 per share, for a total transaction of $89,700.00. Following the completion of the acquisition, the director now owns 18,256 shares of the company’s stock, valued at approximately $218,341.76. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gordon Tunstall sold 22,759 shares of Tabula Rasa Healthcare stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $13.76, for a total transaction of $313,163.84. Following the completion of the transaction, the director now owns 5,565 shares of the company’s stock, valued at approximately $76,574.40. The disclosure for this sale can be found here. Insiders sold 46,759 shares of company stock valued at $634,444 in the last 90 days. Company insiders own 45.80% of the company’s stock.
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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