Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Phreesia, Inc. (PHR)

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Phreesia, Inc. (“Phreesia” or the “Company”) (NYSE: PHR). The investigation concerns whether Phreesia and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

[Click here to learn more about the investigation]

On May 30, 2024, Phreesia issued a press release announcing financial results for the first quarter of the fiscal year 2025. Among other items, Phreesia update its “revenue outlook for fiscal year 2025 to a range of $416 million to $426 million from a previous range of $424 million to $434 million.” Phreesia advised that “[t]he updated revenue range incorporates the accelerated winddown of a clearinghouse client relationship” and that “[t]he revenue range provided for fiscal 2025 assumes no additional revenue from potential future acquisitions completed between now and January 31, 2025.” On this news, the price of Phreesia shares declined by $2.39 per share, or approximately 11.22%, from $21.31 on May 30, 2024, to close at $18.92 per share on May 31, 2024.

If you purchased or otherwise acquired Phreesia securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at [e-mail], or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

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