{"success":true,"data":{"pressRelease":{"id":"35883","rtpr_id":"nPnc6qb7na","ticker":"PHR","exchange":"NYSE","all_tickers":["PHR"],"title":"PHR Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Lawsuit Against Phreesia, Inc.","author":"PR Newswire","published_at":"2026-05-14T22:35:00.046Z","article_body":"PHR Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Lawsuit Against Phreesia, Inc.\n\nPR Newswire\n\nSAN DIEGO, May 14, 2026\n\nSAN DIEGO, May 14, 2026 /PRNewswire/ -- Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=2000708741&u=https%3A%2F%2Frobbinsllp.com%2Fphreesia-inc%2F&a=Robbins+LLP)\n reminds stockholders that a class action was filed on behalf of all\ninvestors who purchased or otherwise acquired Phreesia, Inc. (NYSE: PHR)\ncommon stock between May 8, 2025 and March 30, 2026. Phreesia provides an\nintegrated SaaS-based software and payment platform for the healthcare\nindustry in the United States and Canada.\n\n(https://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.html)\n\nFor more information, submit a form\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=1769428683&u=https%3A%2F%2Frobbinsllp.com%2Fphreesia-inc%2F&a=form)\n, email (mailto:adumas@robbinsllp.com) attorney Aaron Dumas, Jr., or give us a\ncall at (800) 350-6003.\n\nThe Allegations: Robbins LLP is Investigating Allegations that Phreesia, Inc.\n(PHR) Misled Investors Regarding the Sustainability of Growth in its Network\nSolutions Business and Fiscal 2027 Revenue Outlook\n\nAccording to the complaint, during the class period, defendants failed to\ndisclose that: (1) Phreesia's pharmaceutical marketing commitments within its\nNetwork Solutions segment were weakening; (2) the Company was experiencing\nreduced visibility into future spending commitments from pharmaceutical\nmanufacturers; (3) Network Solutions clients were committing lower spending\nlevels for the second half of fiscal year 2027 than the Company had previously\nanticipated; and (4) increasing variability in Network Solutions revenue\nforecasting placed the Company's fiscal year 2027 revenue guidance and\nlong-term growth outlook at risk.\n\nPlaintiff alleges that on March 30, 2026, Phreesia announced that it was\nlowering its fiscal year 2027 revenue outlook to a range of $510 million to\n$520 million from a previous range of $545 million to $559 million. The\nCompany disclosed that it was experiencing \"shorter visibility into spending\ncommitments\" from certain pharmaceutical manufacturers and that Network\nSolutions clients were committing lower spending levels for the second half of\nfiscal year 2027 than anticipated. The Company further stated that \"there is\nnow more variability in our internal network solutions revenue forecasting.\"\nOn the accompanying earnings call, defendants further disclosed that certain\nclients were committing fewer marketing dollars due to \"brand-specific\ndynamics including the impact of regulatory policies.\" On this news,\nPhreesia's stock price fell from $11.41 per share on March 30, 2026, to $8.38\nper share on March 31, 2026, a decline of approximately 27%.\n\nWhat Now: You may be eligible to participate in the class action against\nPhreesia, Inc. Shareholders who wish to serve as lead plaintiff for the class\nmust submit their papers with the court by July 13, 2026. The lead plaintiff\nis a representative party who acts on behalf of other class members in\ndirecting the litigation.  You do not have to participate in the case to be\neligible for a recovery. If you choose to take no action, you can remain an\nabsent class member. For more information, click here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=4210840649&u=https%3A%2F%2Frobbinsllp.com%2Fphreesia-inc%2F&a=here)\n.\n\nAll representation is on a contingency fee basis. Shareholders pay no fees or\nexpenses.\n\nAbout Robbins LLP: A recognized leader in shareholder rights litigation, the\nattorneys and staff of Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=192787401&u=https%3A%2F%2Frobbinsllp.com%2F&a=%C2%A0Robbins+LLP)\nhave been dedicated to helping shareholders recover losses, improve corporate\ngovernance structures, and hold company executives accountable for their\nwrongdoing since 2002.\n\nTo be notified if a class action against Phreesia, Inc settles or to receive\nfree alerts when corporate executives engage in wrongdoing, sign up for Stock\nWatch\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=2218457599&u=https%3A%2F%2Frobbinsllp.com%2Fstock-watch%2F&a=Stock+Watch)\n today.\n\nAttorney Advertising.  Past results do not guarantee a similar outcome.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/phr-stockholder-alert-shareholder-rights-law-firm-robbins-llp-reminds-investors-of-the-securities-class-action-lawsuit-against-phreesia-inc-302772930.html\n(https://www.prnewswire.com/news-releases/phr-stockholder-alert-shareholder-rights-law-firm-robbins-llp-reminds-investors-of-the-securities-class-action-lawsuit-against-phreesia-inc-302772930.html)\n\nSOURCE Robbins LLP\n\n\n\nAaron Dumas, Jr., Robbins LLP, adumas@robbinsllp.com, (800) 350-6003, www.robbinsllp.com|\n\nPhoto: \nhttps://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnc6qb7na","title":"PHR Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Lawsuit Against Phreesia, Inc.","author":"PR Newswire","ticker":"PHR","created":"2026-05-14T22:35:00.046Z","tickers":["PHR"],"exchange":"NYSE","article_body":"PHR Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Lawsuit Against Phreesia, Inc.\n\nPR Newswire\n\nSAN DIEGO, May 14, 2026\n\nSAN DIEGO, May 14, 2026 /PRNewswire/ -- Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=2000708741&u=https%3A%2F%2Frobbinsllp.com%2Fphreesia-inc%2F&a=Robbins+LLP)\n reminds stockholders that a class action was filed on behalf of all\ninvestors who purchased or otherwise acquired Phreesia, Inc. (NYSE: PHR)\ncommon stock between May 8, 2025 and March 30, 2026. Phreesia provides an\nintegrated SaaS-based software and payment platform for the healthcare\nindustry in the United States and Canada.\n\n(https://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.html)\n\nFor more information, submit a form\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=1769428683&u=https%3A%2F%2Frobbinsllp.com%2Fphreesia-inc%2F&a=form)\n, email (mailto:adumas@robbinsllp.com) attorney Aaron Dumas, Jr., or give us a\ncall at (800) 350-6003.\n\nThe Allegations: Robbins LLP is Investigating Allegations that Phreesia, Inc.\n(PHR) Misled Investors Regarding the Sustainability of Growth in its Network\nSolutions Business and Fiscal 2027 Revenue Outlook\n\nAccording to the complaint, during the class period, defendants failed to\ndisclose that: (1) Phreesia's pharmaceutical marketing commitments within its\nNetwork Solutions segment were weakening; (2) the Company was experiencing\nreduced visibility into future spending commitments from pharmaceutical\nmanufacturers; (3) Network Solutions clients were committing lower spending\nlevels for the second half of fiscal year 2027 than the Company had previously\nanticipated; and (4) increasing variability in Network Solutions revenue\nforecasting placed the Company's fiscal year 2027 revenue guidance and\nlong-term growth outlook at risk.\n\nPlaintiff alleges that on March 30, 2026, Phreesia announced that it was\nlowering its fiscal year 2027 revenue outlook to a range of $510 million to\n$520 million from a previous range of $545 million to $559 million. The\nCompany disclosed that it was experiencing \"shorter visibility into spending\ncommitments\" from certain pharmaceutical manufacturers and that Network\nSolutions clients were committing lower spending levels for the second half of\nfiscal year 2027 than anticipated. The Company further stated that \"there is\nnow more variability in our internal network solutions revenue forecasting.\"\nOn the accompanying earnings call, defendants further disclosed that certain\nclients were committing fewer marketing dollars due to \"brand-specific\ndynamics including the impact of regulatory policies.\" On this news,\nPhreesia's stock price fell from $11.41 per share on March 30, 2026, to $8.38\nper share on March 31, 2026, a decline of approximately 27%.\n\nWhat Now: You may be eligible to participate in the class action against\nPhreesia, Inc. Shareholders who wish to serve as lead plaintiff for the class\nmust submit their papers with the court by July 13, 2026. The lead plaintiff\nis a representative party who acts on behalf of other class members in\ndirecting the litigation.  You do not have to participate in the case to be\neligible for a recovery. If you choose to take no action, you can remain an\nabsent class member. For more information, click here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=4210840649&u=https%3A%2F%2Frobbinsllp.com%2Fphreesia-inc%2F&a=here)\n.\n\nAll representation is on a contingency fee basis. Shareholders pay no fees or\nexpenses.\n\nAbout Robbins LLP: A recognized leader in shareholder rights litigation, the\nattorneys and staff of Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=192787401&u=https%3A%2F%2Frobbinsllp.com%2F&a=%C2%A0Robbins+LLP)\nhave been dedicated to helping shareholders recover losses, improve corporate\ngovernance structures, and hold company executives accountable for their\nwrongdoing since 2002.\n\nTo be notified if a class action against Phreesia, Inc settles or to receive\nfree alerts when corporate executives engage in wrongdoing, sign up for Stock\nWatch\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4689480-1&h=2218457599&u=https%3A%2F%2Frobbinsllp.com%2Fstock-watch%2F&a=Stock+Watch)\n today.\n\nAttorney Advertising.  Past results do not guarantee a similar outcome.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/phr-stockholder-alert-shareholder-rights-law-firm-robbins-llp-reminds-investors-of-the-securities-class-action-lawsuit-against-phreesia-inc-302772930.html\n(https://www.prnewswire.com/news-releases/phr-stockholder-alert-shareholder-rights-law-firm-robbins-llp-reminds-investors-of-the-securities-class-action-lawsuit-against-phreesia-inc-302772930.html)\n\nSOURCE Robbins LLP\n\n\n\nAaron Dumas, Jr., Robbins LLP, adumas@robbinsllp.com, (800) 350-6003, www.robbinsllp.com|\n\nPhoto: \nhttps://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-14T22:35:00.102956832Z","server_sent_at_ms":1778798100102},"received_at":"2026-05-14T22:35:00.163Z","source_url":"https://www.prnewswire.com/news-releases/phr-stockholder-alert-shareholder-rights-law-firm-robbins-llp-reminds-investors-of-the-securities-class-action-lawsuit-against-phreesia-inc-302772930.html"},"analysis":{"id":"25328","press_release_id":"35883","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":[],"eventType":"legal_litigation","narrative":"Robbins LLP issued a shareholder alert reminding investors of the securities class action lawsuit against Phreesia, Inc. (PHR).\n\nThe firm notes that the class period runs from May 8, 2025, to March 30, 2026, and urges potential lead plaintiffs to file motions by July 13, 2026.\n\nThe underlying complaint alleges Phreesia misled investors regarding the sustainability of growth in its Network Solutions business and its FY27 revenue outlook, citing a 27% stock drop after guidance was lowered.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"class_period_end":"March 30, 2026","class_period_start":"May 8, 2025","stock_price_decline":"27%","fy27_guidance_previous":"$545 million to $559 million","lead_plaintiff_deadline":"July 13, 2026","fy27_guidance_lowered_to":"$510 million to $520 million"}},"quotedText":"Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Phreesia, Inc. (NYSE: PHR) common stock between May 8, 2025 and March 30, 2026.","namedEntities":{"people":[{"name":"Aaron Dumas, Jr.","role":"Attorney, Robbins LLP"}],"products":[],"companies":[{"name":"Phreesia, Inc.","ticker":"PHR","relationship":"defendant"},{"name":"Robbins LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$510 million to $520 million","context":"lowered FY27 revenue outlook"},{"amount":"$545 million to $559 million","context":"previous FY27 revenue outlook"},{"amount":"$11.41","context":"stock price on March 30, 2026"},{"amount":"$8.38","context":"stock price on March 31, 2026"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by Robbins LLP, not an issuer disclosure. It serves as a routine lead-plaintiff-deadline reminder for an existing class action. No new material facts from the company are disclosed."},"tickerRelevance":{"others":[],"primary":"PHR"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"note":"Downscored per guardrails for plaintiff law-firm marketing","tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Robbins LLP issued a shareholder alert reminding investors of the securities class action lawsuit against Phreesia, Inc. (PHR).\n\nThe firm notes that the class period runs from May 8, 2025, to March 30, 2026, and urges potential lead plaintiffs to file motions by July 13, 2026.\n\nThe underlying complaint alleges Phreesia misled investors regarding the sustainability of growth in its Network Solutions business and its FY27 revenue outlook, citing a 27% stock drop after guidance was lowered.","key_figures":{"customDimensions":{"class_period_end":"March 30, 2026","class_period_start":"May 8, 2025","stock_price_decline":"27%","fy27_guidance_previous":"$545 million to $559 million","lead_plaintiff_deadline":"July 13, 2026","fy27_guidance_lowered_to":"$510 million to $520 million"}},"named_entities":{"people":[{"name":"Aaron Dumas, Jr.","role":"Attorney, Robbins LLP"}],"products":[],"companies":[{"name":"Phreesia, Inc.","ticker":"PHR","relationship":"defendant"},{"name":"Robbins LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$510 million to $520 million","context":"lowered FY27 revenue outlook"},{"amount":"$545 million to $559 million","context":"previous FY27 revenue outlook"},{"amount":"$11.41","context":"stock price on March 30, 2026"},{"amount":"$8.38","context":"stock price on March 31, 2026"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-14T22:35:30.690Z","global_importance":15,"audience_relevance":10,"importance_components":{"note":"Downscored per guardrails for plaintiff law-firm marketing","tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":30519,"modelName":"george-droid-qwen-72b"}}