TruBridge (NASDAQ:TBRG) Coverage Initiated at Royal Bank of Canada

Analysts at Royal Bank of Canada initiated coverage on shares of TruBridge (NASDAQ:TBRG) in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $13.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 35.98% from the company’s current price.

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $24.00 price objective on shares of TruBridge in a report on Tuesday, March 5th.

TruBridge Price Performance

Shares of NASDAQ TBRG opened at $9.56 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.30 and a debt-to-equity ratio of 1.05. The firm has a market cap of $138.72 million, a P/E ratio of -3.03 and a beta of 0.62. TruBridge has a 1 year low of $7.55 and a 1 year high of $30.96.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $85.87 million for the quarter, compared to the consensus estimate of $83.50 million. TruBridge had a negative net margin of 13.49% and a positive return on equity of 10.33%. As a group, analysts anticipate that TruBridge will post 1.52 earnings per share for the current year.

Insider Transactions at TruBridge

In other TruBridge news, major shareholder L6 Holdings Inc. purchased 25,500 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were purchased at an average cost of $9.38 per share, with a total value of $239,190.00. Following the completion of the purchase, the insider now owns 1,517,700 shares in the company, valued at approximately $14,236,026. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Glenn Tobin bought 10,500 shares of TruBridge stock in a transaction on Thursday, March 7th. The shares were bought at an average cost of $8.04 per share, with a total value of $84,420.00. Following the completion of the purchase, the director now directly owns 34,347 shares of the company’s stock, valued at $276,149.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder L6 Holdings Inc. bought 25,500 shares of TruBridge stock in a transaction on Monday, March 25th. The shares were purchased at an average cost of $9.38 per share, for a total transaction of $239,190.00. Following the completion of the purchase, the insider now directly owns 1,517,700 shares of the company’s stock, valued at $14,236,026. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 364,858 shares of company stock valued at $3,473,199. Corporate insiders own 2.80% of the company’s stock.

TruBridge Company Profile

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.