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TRHC

Tabula Rasa HealthCare

$47.88

-3.24 (-6.34%)

12:48
10/18/19
10/18
12:48
10/18/19
12:48

Tabula Rasa selling off today on 'misunderstanding,' says Piper Jaffray

Piper Jaffray analyst Sean Wieland attributes the selloff today in shares of Tabula Rasa HealthCare to statements made at a meeting by a large, multi-state provider organization and client of the company's. At the meeting, it was stated that the provider organization had implemented Tabula Rasa, but it didn't work out because the return on investment was not compelling, Wieland tells investors in a research note. After speaking to management, the analyst learned that the pilot termination was mutual decision because it was challenging to manage the dispensing. The provider organization remains a client of Tabula Rasa for its risk adjustment platform, and Tabula Rasa has an updated proposal out to the organization for its software-as-a-service platform with no medication fulfillment offering at a price point and service offering more in line with the client's needs, adds Wieland. Furthermore, Tabula Rasa said its relationship with the provider organization remains strong, he adds. As such, the analyst attributes today's selloff in shares of Tabula Rasa to a "misunderstanding." Wieland sees a "very compelling entry point in the stock" and reiterates an Overweight rating on the name with a $78 price target. Tabula Rasa in midday trading is down 5.5% to $48.30.

TRHC Tabula Rasa HealthCare
$47.88

-3.24 (-6.34%)

08/30/19
STFL
08/30/19
UPGRADE
Target $75
STFL
Buy
Tabula Rasa HealthCare upgraded to Buy from Hold at Stifel
Stifel analyst David Grossman upgraded Tabula Rasa HealthCare to Buy from Hold and raised his price target for the shares to $75 from $70. The shares are trading at 4.1 times estimated 2020 revenue, which is more in line with comparable companies and a more attractive entry point, particularly given potential catalysts over the next 12-18 months, Grossman tells investors in a research note. Catalysts that could drive estimates higher or multiple expansion include leveraging the company's Enhanced Medication Therapy Management services to garner higher pricing and market share in the traditional Medicare medication therapy management market, selling enhanced medication therapy management into the managed Medicaid market, a more organized and expanded selling effort, and leveraging the recent PrescribeWellness acquisition, says the analyst.
08/30/19
08/30/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Abercrombie & Fitch (ANF) upgraded to Hold from Sell at Deutsche Bank with analyst Tiffany saying the company's falling margins are now reflected in its guidance. 2. DuPont (DD) upgraded to Outperform from Neutral at Exane BNP Paribas. 3. Credit Suisse (CS) upgraded to Outperform from Neutral at Exane BNP Paribas. 4. Tabula Rasa HealthCare (TRHC) upgraded to Buy from Hold at Stifel with analyst David Grossman saying the shares are trading at 4.1 times estimated 2020 revenue, which is more in line with comparable companies and a more attractive entry point, particularly given potential catalysts over the next 12-18 months. 5. CAE (CAE) upgraded to Outperform from Sector Perform at Scotiabank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/20/19
CANT
09/20/19
NO CHANGE
Target $99
CANT
Overweight
Tabula Rasa growth potential is underappreciated, says Cantor Fitzgerald
After hosting a series of investor meetings with senior management, Cantor Fitzgerald analyst Steven Halper reiterates an Overweight rating on Tabula Rasa HealthCare with a $99 price target. The analyst believes Tabula's growth potential is underappreciated and that management's strategy to offer a full suite of clinical applications to improve medication therapy management should be successful over time. Specifically, the fit with SinfoniaRx and PrescribeWellness will drive more health plan customers, Halper tells investors in a research note. In addition, results of the ongoing Centers for Medicare & Medicaid Services pilot to evaluate Enhanced Medication Therapy Management for Medicare patients "continue to show strong cost savings," adds the analyst.
10/18/19
PIPR
10/18/19
NO CHANGE
Target $78
PIPR
Overweight
Tabula Rasa selloff on 'misunderstanding' an opportunity, says Piper Jaffray

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