Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tabula Rasa HealthCare (TRHC) Share Price

News articles about Tabula Rasa HealthCare (NASDAQ:TRHC) have trended somewhat positive on Tuesday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tabula Rasa HealthCare earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.7937313956612 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

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Shares of NASDAQ:TRHC opened at $40.57 on Tuesday. The firm has a market cap of $799.34, a price-to-earnings ratio of -1,014.25, a P/E/G ratio of 8.88 and a beta of 2.34. Tabula Rasa HealthCare has a 12-month low of $11.59 and a 12-month high of $41.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.21 and a quick ratio of 1.11.

Tabula Rasa HealthCare (NASDAQ:TRHC) last announced its quarterly earnings data on Monday, March 12th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). The company had revenue of $43.93 million for the quarter, compared to analysts’ expectations of $38.91 million. Tabula Rasa HealthCare had a net margin of 10.63% and a negative return on equity of 1.96%. The firm’s quarterly revenue was up 60.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. research analysts anticipate that Tabula Rasa HealthCare will post 0.18 EPS for the current year.

TRHC has been the topic of several research reports. Oppenheimer initiated coverage on Tabula Rasa HealthCare in a research report on Monday, December 18th. They set an “outperform” rating and a $35.00 price target on the stock. BidaskClub upgraded Tabula Rasa HealthCare from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered Tabula Rasa HealthCare from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Citigroup initiated coverage on Tabula Rasa HealthCare in a research report on Thursday, January 4th. They set a “buy” rating on the stock. Finally, Piper Jaffray lifted their price target on Tabula Rasa HealthCare to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. Tabula Rasa HealthCare presently has an average rating of “Buy” and a consensus price target of $36.40.

In other Tabula Rasa HealthCare news, CEO Calvin H. Knowlton sold 8,000 shares of Tabula Rasa HealthCare stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $34.75, for a total transaction of $278,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce Luehrs sold 12,234 shares of Tabula Rasa HealthCare stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $38.01, for a total value of $465,014.34. The disclosure for this sale can be found here. Insiders have sold 324,000 shares of company stock valued at $11,309,958 in the last quarter. 45.80% of the stock is owned by company insiders.

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About Tabula Rasa HealthCare

Tabula Rasa HealthCare, Inc operates as a healthcare technology company in the United States. The company provides patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to enhance patient outcomes, reduce hospitalizations, lower healthcare costs, and manage risk.

Insider Buying and Selling by Quarter for Tabula Rasa HealthCare (NASDAQ:TRHC)

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