TruBridge, Inc. (NASDAQ:TBRG) Receives Average Rating of “Hold” from Brokerages

TruBridge, Inc. (NASDAQ:TBRG) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $23.95.

Several research firms recently weighed in on TBRG. Wall Street Zen lowered TruBridge from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. BMO Capital Markets reissued a “market perform” rating and set a $26.25 price target on shares of TruBridge in a research report on Friday, April 24th. Freedom Capital lowered TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Cantor Fitzgerald lowered TruBridge from an “overweight” rating to a “neutral” rating and upped their price target for the company from $25.00 to $26.25 in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $26.25 price target on shares of TruBridge in a research report on Monday, April 27th.

Institutional Trading of TruBridge

Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc bought a new stake in TruBridge during the 2nd quarter valued at approximately $26,000. First Horizon Corp bought a new stake in TruBridge during the 3rd quarter valued at approximately $42,000. New York State Common Retirement Fund bought a new stake in TruBridge during the 2nd quarter valued at approximately $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of TruBridge in the 2nd quarter worth approximately $128,000. Finally, State of Wyoming bought a new stake in shares of TruBridge in the 2nd quarter worth approximately $161,000. Institutional investors own 88.64% of the company’s stock.

TruBridge Trading Up 0.0%

Shares of NASDAQ TBRG opened at $25.94 on Thursday. TruBridge has a 12 month low of $13.88 and a 12 month high of $26.51. The company has a market cap of $389.10 million, a price-to-earnings ratio of 129.70, a P/E/G ratio of 2.23 and a beta of 1.30. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $20.64 and a 200-day simple moving average of $20.81.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Friday, May 8th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $86.27 million during the quarter, compared to the consensus estimate of $88.52 million. TruBridge had a return on equity of 18.75% and a net margin of 0.92%. Sell-side analysts predict that TruBridge will post 1.47 EPS for the current year.

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.