TruBridge, Inc. (NASDAQ:TBRG) Receives Consensus Rating of “Reduce” from Analysts

Shares of TruBridge, Inc. (NASDAQ:TBRG) have been given a consensus rating of “Reduce” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $24.8750.

TBRG has been the subject of several research reports. Zacks Research downgraded TruBridge from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a research report on Friday, October 31st. BMO Capital Markets initiated coverage on shares of TruBridge in a research note on Thursday, November 13th. They set a “market perform” rating and a $19.50 target price for the company. Wall Street Zen lowered shares of TruBridge from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Royal Bank Of Canada started coverage on shares of TruBridge in a report on Friday, January 9th. They issued a “sector perform” rating and a $23.00 price target on the stock.

Insider Buying and Selling

In other news, major shareholder Pinetree Capital Ltd. acquired 75,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were purchased at an average cost of $22.40 per share, with a total value of $1,680,000.00. Following the acquisition, the insider directly owned 2,075,000 shares in the company, valued at $46,480,000. This represents a 3.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Daughton acquired 17,500 shares of the stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $20.46 per share, for a total transaction of $358,050.00. Following the transaction, the insider directly owned 57,492 shares in the company, valued at approximately $1,176,286.32. This trade represents a 43.76% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 273,890 shares of company stock worth $5,848,526. 10.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TruBridge

A number of institutional investors have recently modified their holdings of TBRG. Vanguard Group Inc. raised its stake in TruBridge by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 755,373 shares of the company’s stock worth $15,236,000 after purchasing an additional 4,884 shares in the last quarter. Nellore Capital Management LLC raised its position in shares of TruBridge by 9.2% in the third quarter. Nellore Capital Management LLC now owns 747,032 shares of the company’s stock valued at $15,068,000 after buying an additional 63,111 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TruBridge by 15.5% in the third quarter. Dimensional Fund Advisors LP now owns 470,593 shares of the company’s stock valued at $9,492,000 after buying an additional 63,112 shares in the last quarter. Martin & Co. Inc. TN boosted its stake in shares of TruBridge by 14.7% in the third quarter. Martin & Co. Inc. TN now owns 425,009 shares of the company’s stock valued at $8,572,000 after buying an additional 54,401 shares during the period. Finally, Kennedy Capital Management LLC grew its position in TruBridge by 14.9% during the third quarter. Kennedy Capital Management LLC now owns 276,940 shares of the company’s stock worth $5,586,000 after buying an additional 35,872 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

TruBridge Price Performance

Shares of NASDAQ TBRG opened at $21.95 on Friday. The business’s 50 day moving average price is $21.72 and its two-hundred day moving average price is $21.07. The company has a market cap of $329.47 million, a PE ratio of 115.53 and a beta of 0.61. The company has a quick ratio of 1.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.89. TruBridge has a twelve month low of $17.86 and a twelve month high of $32.00.

TruBridge (NASDAQ:TBRG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.48. The company had revenue of $86.11 million during the quarter, compared to analysts’ expectations of $85.56 million. TruBridge had a return on equity of 12.23% and a net margin of 0.85%. On average, analysts predict that TruBridge will post 0.07 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.