Robert W. Baird Reiterates “Outperform” Rating for Tabula Rasa Healthcare Inc. (TRHC)

Robert W. Baird restated their outperform rating on shares of Tabula Rasa Healthcare Inc. (NASDAQ:TRHC) in a research note published on Tuesday, October 17th. The firm currently has a $30.00 target price on the stock, up from their previous target price of $22.00.

Other analysts have also issued reports about the company. Chardan Capital started coverage on Tabula Rasa Healthcare in a report on Monday, July 10th. They issued a buy rating and a $19.50 price objective for the company. UBS AG upped their price target on Tabula Rasa Healthcare from $18.00 to $25.00 and gave the company a buy rating in a report on Wednesday, August 30th. Wells Fargo & Company cut Tabula Rasa Healthcare from an outperform rating to a market perform rating and upped their price target for the company from $17.00 to $21.00 in a report on Thursday, September 7th. ValuEngine raised shares of Tabula Rasa Healthcare from a sell rating to a hold rating in a research note on Saturday, September 30th. Finally, Piper Jaffray Companies reissued an overweight rating and set a $20.00 target price (up from $19.00) on shares of Tabula Rasa Healthcare in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $27.50.

Tabula Rasa Healthcare (NASDAQ:TRHC) remained flat at $$28.26 on Tuesday. The company’s stock had a trading volume of 47,180 shares, compared to its average volume of 78,552. The company has a current ratio of 1.24, a quick ratio of 0.99 and a debt-to-equity ratio of 0.01.

Tabula Rasa Healthcare (NASDAQ:TRHC) last released its quarterly earnings data on Monday, August 7th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $29.70 million for the quarter, compared to analyst estimates of $27.84 million. Tabula Rasa Healthcare had a negative return on equity of 9.58% and a negative net margin of 10.27%. Tabula Rasa Healthcare’s revenue for the quarter was up 32.6% compared to the same quarter last year. equities research analysts forecast that Tabula Rasa Healthcare will post 0.07 earnings per share for the current fiscal year.

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In related news, insider Orsula V. Knowlton sold 8,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $22.10, for a total value of $176,800.00. Following the completion of the sale, the insider now directly owns 887,407 shares in the company, valued at $19,611,694.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 24,000 shares of company stock valued at $527,920 over the last quarter. 45.80% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Icon Advisers Inc. Co. bought a new stake in Tabula Rasa Healthcare in the second quarter worth $684,000. Intrinsic Edge Capital Management LLC bought a new stake in Tabula Rasa Healthcare during the second quarter valued at about $461,000. Paradigm Capital Management Inc. NY bought a new stake in Tabula Rasa Healthcare during the second quarter valued at about $1,165,000. Wellington Management Group LLP boosted its holdings in Tabula Rasa Healthcare by 37.2% during the first quarter. Wellington Management Group LLP now owns 782,142 shares of the company’s stock valued at $10,544,000 after acquiring an additional 212,164 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Tabula Rasa Healthcare by 58.1% during the second quarter. Russell Investments Group Ltd. now owns 94,089 shares of the company’s stock valued at $1,415,000 after acquiring an additional 34,565 shares during the period. Hedge funds and other institutional investors own 27.93% of the company’s stock.

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.

Analyst Recommendations for Tabula Rasa Healthcare (NASDAQ:TRHC)

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