Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Investors in Phreesia, Inc. (PHR) Warned of Potential Securities Fraud - Contact Levi & Korsinsky Today Ready to Announce with Confidence?

newsfilecorp.com
PHR The company is under investigation for potential securities fraud. Revenue guidance was significantly reduced, leading to a substantial stock price drop. This indicates serious concerns about the company's financial reporting and future prospects.

Investors in Phreesia, Inc. (PHR) Warned of Potential Securities Fraud - Contact Levi & Korsinsky Today Ready to Announce with Confidence? New York, New York--(Newsfile Corp. - April 1, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Phreesia, Inc. ("Phreesia, Inc.") (NYSE: PHR) concerning potential violations of the federal securities laws.

On December 8, 2025, CFO Balaji Gandhi told investors on the Q3 2026 earnings call: "For fiscal year 2027, we expect revenue to be in the range of $545 million to $559 million." Gandhi also stated that the recently acquired AccessOne would "contribute approximately 6.5% of our fiscal 2027 total revenue outlook." On March 30, 2026, the Company issued its Q4 2026 earnings release and reduced FY 2027 revenue guidance to $510-$520 million -- a reduction of $35 million to $49 million from the prior range.

The Company attributed the revision to weaker pharmaceutical-marketing commitments and shorter visibility in its Network Solutions segment. Neither risk factor had been referenced in the December 8, 2025 earnings call, where management described "progress" in the selling season for network solutions. The stock fell 21-28% on the revised outlook.

If you suffered a loss on your Phreesia, Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

jlevi@levikorsinsky.com

Tel: (212)363-7500

Fax: (212)363-7171

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290870

Source: Levi & Korsinsky, LLP

Analyst, journalist, or company stakeholder? Sign up to receive news releases by email for Levi & Korsinsky, LLP or all companies in the Banking / Financial Services industry.

Investors in Phreesia, Inc. (PHR) Warned of Potential Securities Fraud - Contact Levi & Korsinsky Today

2026-04-01 11:45 AM EDT

Ongoing Securities Investigation into Freshpet, Inc. (FRPT) - Contact Levi & Korsinsky

2026-03-30 4:14 AM EDT

Investigation Alert: Levi & Korsinsky Investigates Securities Fraud Claims Against Disc Medicine, Inc. (IRON)

2026-03-30 12:30 AM EDT

Dec 01, 2025

The year-end sprint is on. For your Investor Relations team, the time between now and the end of Q1 2026 will be packed with financial reporting, proxy statements, and regulatory filings.

Economy, Business and Finance

Legal Service

Litigation and Regulation

Banking / Financial Services