{"id":963027,"date":"2026-05-14T12:37:11","date_gmt":"2026-05-14T16:37:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-phreesia-inc-phr\/"},"modified":"2026-05-14T12:37:11","modified_gmt":"2026-05-14T16:37:11","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-phreesia-inc-phr","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-phreesia-inc-phr\/","title":{"rendered":"Gainey McKenna &amp; Egleston Announces a Class Action Lawsuit Has Been Filed Against Phreesia, Inc. (PHR)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, May  14, 2026  (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all persons or entities who purchased or otherwise acquired Phreesia, Inc. (\u201cPhreesia\u201d or the \u201cCompany\u201d) (NYSE: PHR) securities between May 8, 2025, to March 30, 2026, inclusive (the \u201cClass Period\u201d).<\/p>\n<p align=\"justify\">The Complaint alleges that Defendants provided investors with material information concerning Phreesia\u2019s profitability for the fiscal year 2027. The Complaint alleges that Defendants\u2019 statements included, among other things, confidence in Phreesia\u2019s ability to capitalize on its growth potential through continued expansion of its Network Solutions segment, as well as contributions from its AccessOne acquisition.<\/p>\n<p align=\"justify\">The Complaint alleges that Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and\/or concealing material adverse facts concerning the true state of Phreesia\u2019s slowing demand and reduced visibility in key revenue streams, notably, the weakened pharmaceutical marketing commitments in its Network Solutions segment. The Complaint further alleges that such statements absent these material facts caused Plaintiff and other shareholders to purchase Phreesia\u2019s securities at artificially inflated prices.<\/p>\n<p align=\"justify\">The Complaint also alleges that after the market closed on March 30, 2026, Phreesia announced significantly reduced revenue growth projections for fiscal year 2027 guidance. The Complaint continues to allege that the Company attributed the shortfall against its prior guidance to a combination of macroeconomic factors including \u201cworsening visibility\u201d and weaker pharmaceutical marketing commitments within its Network Solutions segment.<\/p>\n<p align=\"justify\">The Complaint alleges that investors and analysts reacted immediately to Phreesia\u2019s revelation and that the price of Phreesia\u2019s common stock declined from a closing market price of $11.41 per share on March 30, 2025, to $8.38 per share on March 31, 2026, a decline of about 27%.<\/p>\n<p align=\"justify\">Investors who purchased or otherwise acquired shares of Phreesia should contact the Firm prior to the <strong><em>July 13, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna &amp; Egleston at (212) 983-1300, or via e-mail at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=P0Y28PEk_oCSUuRnptmo9bH_k5MRdMqfEGiUvPQYYn1AyOXLpZBMZOk-fpxIa7Vazk_r7JkjWZXr3W6Ha_GGEEQECpkZJa4QSiWMO44Z5io=\" rel=\"nofollow\" target=\"_blank\"><u>tjmckenna@gme-law.com<\/u><\/a> or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5_QwP5H8CshskrBJfR8AuDlO4Mg9ke25VT8g66RjXptrX9gZiby2T_EyzVvXGIPtVm-82JTYNtDNhF8fw3NMZv5O01CfOOLeZ3fFL181SRk=\" rel=\"nofollow\" target=\"_blank\"><u>gegleston@gme-law.com<\/u><\/a>.<\/p>\n<p align=\"justify\">Please visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=G9_M0QeQkS8D3EpOpsun0ShTLSLiMmJjTVHSD5knD1tk2uzwwi6LaAPwFNt4jJktDlLTVjiTdC9pbII6iWzZmM1z4eFFy5Y18XKv9XV7tPE=\" rel=\"nofollow\" target=\"_blank\"><u>http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcyMDU2NCM3NjA0MjEyIzIwMTc3MDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NzAzZWFmN2ItOTdjMy00NTg2LWE0M2EtYWJhODg2OTIxNjI4LTEwMjkyNzQtMjAyNi0wNS0xNC1lbg==\/tiny\/Gainey-McKenna-Egleston.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all persons or entities who purchased or otherwise acquired Phreesia, Inc. (\u201cPhreesia\u201d or the \u201cCompany\u201d) (NYSE: PHR) securities between May 8, 2025, to March 30, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants provided investors with material information concerning Phreesia\u2019s profitability for the fiscal year 2027. The Complaint alleges that Defendants\u2019 statements included, among other things, confidence in Phreesia\u2019s ability to capitalize on its growth potential through continued expansion of its Network Solutions segment, as well as contributions from its AccessOne acquisition. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-phreesia-inc-phr\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gainey McKenna &amp; Egleston Announces a Class Action Lawsuit Has Been Filed Against Phreesia, Inc. (PHR)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-963027","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gainey McKenna &amp; Egleston Announces a Class Action Lawsuit Has Been Filed Against Phreesia, Inc. (PHR) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-phreesia-inc-phr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna &amp; Egleston Announces a Class Action Lawsuit Has Been Filed Against Phreesia, Inc. (PHR) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, May 14, 2026 (GLOBE NEWSWIRE) &#8212; Gainey McKenna &amp; Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware on behalf of all persons or entities who purchased or otherwise acquired Phreesia, Inc. (\u201cPhreesia\u201d or the \u201cCompany\u201d) (NYSE: PHR) securities between May 8, 2025, to March 30, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants provided investors with material information concerning Phreesia\u2019s profitability for the fiscal year 2027. The Complaint alleges that Defendants\u2019 statements included, among other things, confidence in Phreesia\u2019s ability to capitalize on its growth potential through continued expansion of its Network Solutions segment, as well as contributions from its AccessOne acquisition. &hellip; Continue reading &quot;Gainey McKenna &amp; Egleston Announces a Class Action Lawsuit Has Been Filed Against Phreesia, Inc. 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