In the last trading session, 226,344 Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) shares changed hands as the company’s beta touched 0.95. With the company’s per share price at $43.21 changed hands at $1.51 or 0.04% during last session, the market valuation stood at $1.07 Billion. TRHC’s last price was a discount, traded about -60.4% off its 52-week high of $69.31. The share price had its 52-week low at $30.12, which suggests the last value was 30.29% up since then. When we look at Tabula Rasa HealthCare, Inc.’s average trading volume, we note the 10-day average is 166.6 Million shares, with the 3-month average coming to 289.94 Million.
Analysts gave the Tabula Rasa HealthCare, Inc. (TRHC) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.6. If we narrow down to specifics, the data shows that none out of 10 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended TRHC as a Hold, 3 felt it is a Buy and none rated the stock as Underweight. Tabula Rasa HealthCare, Inc.’s EPS for the current quarter is expected to be -$0.01.
Instantly TRHC was in green as seen at the end of in last trading. With action 3.62%, the performance over the past five days has been green. The jump to weekly highs of $43.78 on Friday, May 28 added 1.3% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.01%, with the 5-day performance at 0.05% in the green. However, in the 30-day time frame, Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC) is -0.02% down. Looking at the short shares, we see there were 2.84 Million shares sold at short interest cover period of 0.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is $50.5, meaning bulls need an upside of 16.87% from its current market value. According to analyst projections, TRHC’s forecast low is $40 with $70 as the target high. To hit the forecast high, the stock’s price needs a +62% upsurge from its current level, while the stock would need to tank -7.43% for it to hit the projected low.
Tabula Rasa HealthCare, Inc. (TRHC) estimates and forecasts
Data shows that the Tabula Rasa HealthCare, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Tabula Rasa HealthCare, Inc. will drop -114.3%, while the growth in revenue is estimated to hit 800% for the next quarter. Year-over-year growth is forecast to reach 15.7% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $81.74 Million. 9 analysts are of the opinion that Tabula Rasa HealthCare, Inc.’s revenue for the quarter ending September 01, 2021 will be $88.73 Million. The company’s revenue for the corresponding quarters a year ago was $76.83 Million and $70.51 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.4%. The estimates for the next quarter sales put growth at 25.8%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -35%. The 2021 estimates are for Tabula Rasa HealthCare, Inc. earnings to decrease by -136%, but the outlook for the next 5-year period is at 30% per year.
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Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 5.84% of Tabula Rasa HealthCare, Inc. shares while 98.99% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.13%. There are 251 institutions holding the Tabula Rasa HealthCare, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Mar 30, 2021, the company held 14.23% of the shares, roughly 3.54 Million TRHC shares worth $162.8 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 5.74% or 1.42 Million shares worth $65.62 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were iShares Core S&P Smallcap ETF and Delaware Group Equity Fds V-Small Cap Core Fund. With 1498738 shares estimated at $69.02 Million under it, the former controlled 6.03% of total outstanding shares. On the other hand, Delaware Group Equity Fds V-Small Cap Core Fund held about 3.77% of the shares, roughly 937.4 Thousand shares worth around $38.01 Million.