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

TruBridge, Inc. (NASDAQ:TBRG) has received a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have covered the stock in the last year is $23.95.

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $26.25 price target on shares of TruBridge in a report on Monday, April 27th. Weiss Ratings raised shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, May 11th. BMO Capital Markets restated a “market perform” rating and set a $26.25 price objective on shares of TruBridge in a research note on Friday, April 24th. Zacks Research downgraded TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Freedom Capital lowered shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th.

Institutional Trading of TruBridge

Several large investors have recently modified their holdings of TBRG. Legal & General Group Plc bought a new stake in TruBridge in the second quarter worth $26,000. FNY Investment Advisers LLC purchased a new stake in TruBridge in the second quarter worth about $78,000. New York State Common Retirement Fund bought a new position in TruBridge in the 2nd quarter worth $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of TruBridge in the second quarter worth about $128,000. Finally, State of Wyoming purchased a new position in TruBridge during the second quarter valued at $161,000. 88.64% of the stock is owned by institutional investors.

TruBridge Price Performance

Shares of NASDAQ:TBRG opened at $26.24 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.78 and a quick ratio of 1.77. TruBridge has a 12 month low of $13.88 and a 12 month high of $26.51. The firm has a market capitalization of $393.60 million, a P/E ratio of 131.20 and a beta of 1.28. The company’s fifty day moving average price is $26.15 and its 200 day moving average price is $22.51.

TruBridge (NASDAQ:TBRG) last released its quarterly earnings results on Friday, May 8th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company 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%.

About TruBridge

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.