NumerixS Investment Technologies Inc Buys New Holdings in Tabula Rasa HealthCare Inc (NASDAQ:TRHC)
NumerixS Investment Technologies Inc bought a new position in shares of Tabula Rasa HealthCare Inc (NASDAQ:TRHC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 3,800 shares of the company’s stock, valued at approximately $212,000.
Several other large investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in Tabula Rasa HealthCare by 1.6% during the fourth quarter. BlackRock Inc. now owns 2,600,884 shares of the company’s stock worth $165,831,000 after purchasing an additional 40,174 shares during the period. Fiera Capital Corp purchased a new stake in Tabula Rasa HealthCare in the 4th quarter valued at $2,268,000. Polar Capital LLP acquired a new position in shares of Tabula Rasa HealthCare during the 4th quarter worth $3,953,000. Nicholas Company Inc. grew its stake in Tabula Rasa HealthCare by 6.5% in the 4th quarter. Nicholas Company Inc. now owns 77,485 shares of the company’s stock valued at $4,940,000 after acquiring an additional 4,750 shares during the last quarter. Finally, Summit Creek Advisors LLC acquired a new stake in Tabula Rasa HealthCare in the 1st quarter valued at about $2,885,000. 86.66% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and set a $99.00 price objective on shares of Tabula Rasa HealthCare in a report on Thursday, February 28th. Zacks Investment Research cut Tabula Rasa HealthCare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 8th. BidaskClub upgraded Tabula Rasa HealthCare from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine cut shares of Tabula Rasa HealthCare from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Guggenheim initiated coverage on Tabula Rasa HealthCare in a report on Wednesday, April 17th. They set a “neutral” rating and a $58.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Tabula Rasa HealthCare has a consensus rating of “Buy” and a consensus price target of $82.12.
Tabula Rasa HealthCare stock traded up $2.53 during midday trading on Wednesday, reaching $47.88. The stock had a trading volume of 7,509 shares, compared to its average volume of 384,464. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.80 and a quick ratio of 1.73. The firm has a market capitalization of $964.41 million, a price-to-earnings ratio of 138.65 and a beta of 1.68. Tabula Rasa HealthCare Inc has a 12 month low of $40.86 and a 12 month high of $91.16.
Tabula Rasa HealthCare (NASDAQ:TRHC) last posted its earnings results on Wednesday, May 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.14). The firm had revenue of $60.96 million for the quarter, compared to the consensus estimate of $59.24 million. Tabula Rasa HealthCare had a positive return on equity of 4.22% and a negative net margin of 18.15%. On average, sell-side analysts expect that Tabula Rasa HealthCare Inc will post -0.55 EPS for the current year.
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Tabula Rasa HealthCare Company Profile
Tabula Rasa HealthCare, Inc operates as a healthcare technology company in the field of medication safety in the United States. The company's proprietary Medication Risk Mitigation Matrix delivers a multi-drug review, which identifies medication-related risks. Its cloud-based software applications include EireneRx, a medication decision-support and e-prescribing platform to access patients' medication-related information; and MedWise that provides medication decision support components for clients seeking to manage their medication risk and improve medication outcomes, and patient relationships by enhancing their existing systems.
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