TruBridge, Inc. (NASDAQ:TBRG) Given Consensus Recommendation of “Reduce” by Analysts

Shares of TruBridge, Inc. (NASDAQ:TBRG) have been given a consensus rating of “Reduce” by the five analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $23.50.

TBRG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruBridge in a report on Wednesday, January 28th. Zacks Research raised TruBridge from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada assumed coverage on TruBridge in a research note on Friday, January 9th. They set a “sector perform” rating and a $23.00 price target for the company. Finally, Wall Street Zen raised shares of TruBridge from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 18th.

TruBridge Trading Up 4.6%

Shares of TBRG stock opened at $14.64 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. TruBridge has a 12-month low of $13.88 and a 12-month high of $28.11. The stock has a market capitalization of $219.75 million, a P/E ratio of 77.06 and a beta of 0.63. The firm’s 50 day moving average is $18.52 and its 200 day moving average is $20.17.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Tuesday, March 31st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.38. The business had revenue of $87.79 million during the quarter, compared to analyst estimates of $87.60 million. TruBridge had a net margin of 0.85% and a return on equity of 12.23%. Research analysts expect that TruBridge will post 0.07 earnings per share for the current year.

Institutional Trading of TruBridge

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new position in TruBridge in the second quarter worth approximately $26,000. First Horizon Corp bought a new stake in shares of TruBridge during the 3rd quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of TruBridge during the 2nd quarter valued at $59,000. New York State Common Retirement Fund purchased a new stake in shares of TruBridge in the 2nd quarter worth $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in TruBridge in the 2nd quarter worth $128,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

TruBridge Company Profile

TruBridge, Inc is a technology solutions provider specializing in digital transformation and managed services for enterprise clients. The company focuses on helping organizations modernize and optimize their IT environments by leveraging cloud technologies, collaboration platforms, and security solutions. TruBridge’s core business activities include consulting, implementation, migration, training and ongoing support for Microsoft 365, Azure and related cloud services.

TruBridge offers a comprehensive suite of services designed to guide clients through every stage of their cloud adoption journey.