Wall Street brokerages expect Tabula Rasa Healthcare Inc. (NASDAQ:TRHC) to post $29.67 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Tabula Rasa Healthcare’s earnings, with the lowest sales estimate coming in at $29.54 million and the highest estimate coming in at $29.80 million. Tabula Rasa Healthcare reported sales of $24.17 million in the same quarter last year, which indicates a positive year-over-year growth rate of 22.8%. The business is scheduled to issue its next earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Tabula Rasa Healthcare will report full year sales of $29.67 million for the current year, with estimates ranging from $117.80 million to $118.00 million. For the next year, analysts forecast that the company will report sales of $143.66 million per share, with estimates ranging from $142.00 million to $144.97 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Tabula Rasa Healthcare.

Tabula Rasa Healthcare (NASDAQ:TRHC) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Tabula Rasa Healthcare had a negative return on equity of 9.58% and a negative net margin of 10.27%. The business had revenue of $29.70 million for the quarter, compared to analyst estimates of $27.84 million. Tabula Rasa Healthcare’s quarterly revenue was up 32.6% compared to the same quarter last year.

A number of analysts recently weighed in on TRHC shares. UBS AG increased their price objective on Tabula Rasa Healthcare from $18.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. Chardan Capital increased their price objective on Tabula Rasa Healthcare from $19.50 to $21.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Stifel Nicolaus restated a “buy” rating and issued a $16.00 price objective on shares of Tabula Rasa Healthcare in a report on Friday, July 14th. Zacks Investment Research upgraded Tabula Rasa Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Wells Fargo & Company downgraded Tabula Rasa Healthcare from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $17.00 to $21.00 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $19.43.

In other Tabula Rasa Healthcare news, CEO Calvin H. Knowlton sold 8,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.21, for a total transaction of $137,680.00. Following the completion of the sale, the chief executive officer now directly owns 918,362 shares in the company, valued at approximately $15,805,010.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gordon Tunstall sold 22,759 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $13.76, for a total value of $313,163.84. Following the sale, the director now owns 5,565 shares of the company’s stock, valued at $76,574.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,759 shares of company stock valued at $676,604. Company insiders own 45.80% of the company’s stock.

Institutional investors have recently modified their holdings of the business. TIAA CREF Investment Management LLC grew its holdings in Tabula Rasa Healthcare by 108.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 8,131 shares of the company’s stock worth $110,000 after acquiring an additional 4,232 shares during the period. New York State Common Retirement Fund grew its holdings in Tabula Rasa Healthcare by 257.0% during the 2nd quarter. New York State Common Retirement Fund now owns 10,000 shares of the company’s stock worth $151,000 after acquiring an additional 7,199 shares during the period. Bank of New York Mellon Corp acquired a new stake in Tabula Rasa Healthcare during the 1st quarter worth about $178,000. Cadence Capital Management LLC acquired a new stake in Tabula Rasa Healthcare during the 2nd quarter worth about $210,000. Finally, Teachers Advisors LLC grew its holdings in Tabula Rasa Healthcare by 203.5% during the 2nd quarter. Teachers Advisors LLC now owns 16,500 shares of the company’s stock worth $248,000 after acquiring an additional 11,063 shares during the period. Hedge funds and other institutional investors own 28.85% of the company’s stock.

Tabula Rasa Healthcare (NASDAQ TRHC) traded up 3.32% on Friday, hitting $21.79. The stock had a trading volume of 160,820 shares. Tabula Rasa Healthcare has a 12-month low of $10.39 and a 12-month high of $23.80. The company has a 50 day moving average of $17.67 and a 200 day moving average of $14.74. The company’s market capitalization is $376.66 million.

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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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