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An update from Phreesia ( (PHR) ) is now available.
Phreesia has entered into a Bridge Credit Agreement with Goldman Sachs Bank USA to secure a $110 million loan for the acquisition of AccessOne. The loan, which bears interest at a fluctuating rate, is expected to be refinanced with a long-term credit facility. The agreement includes various covenants and conditions, such as maintaining a leverage ratio and prepayment terms, to ensure compliance with existing credit facilities. The acquisition of AccessOne was funded through the bridge loan, cash reserves, and cash acquired from AccessOne, totaling approximately $163 million.
The most recent analyst rating on (PHR) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Phreesia stock, see the PHR Stock Forecast page.
Spark’s Take on PHR Stock
According to Spark, TipRanks’ AI Analyst, PHR is a Neutral.
Phreesia’s overall stock score is driven by strong earnings call results and financial performance improvements, particularly in revenue growth and cash flow. However, technical analysis and valuation present challenges, with bearish momentum and a negative P/E ratio. The company’s strategic acquisitions and first positive net income are significant positives, but profitability and valuation concerns weigh on the overall score.
To see Spark’s full report on PHR stock, click here.
More about Phreesia
Average Trading Volume: 815,423
Technical Sentiment Signal: Sell
Current Market Cap: $1.36B
Find detailed analytics on PHR stock on TipRanks’ Stock Analysis page.