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

TruBridge, Inc. (NASDAQ:TBRG) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is $23.95.

A number of brokerages have commented on TBRG. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $26.25 price target on shares of TruBridge in a research report on Monday, April 27th. Wall Street Zen lowered TruBridge from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings raised TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Stephens lowered their price objective on TruBridge from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, Zacks Research cut shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st.

TruBridge Trading Up 0.0%

NASDAQ TBRG opened at $26.24 on Friday. TruBridge has a 12-month low of $13.88 and a 12-month high of $26.51. The company has a fifty day simple moving average of $26.02 and a two-hundred day simple moving average of $21.99. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.90. The stock has a market cap of $393.59 million, a P/E ratio of 131.20 and a beta of 1.28.

TruBridge (NASDAQ:TBRG) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. TruBridge had a net margin of 0.92% and a return on equity of 18.75%. The firm had revenue of $86.27 million for the quarter, compared to analyst estimates of $88.52 million.

Institutional Trading of TruBridge

A number of hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in TruBridge in the second quarter valued at $26,000. FNY Investment Advisers LLC purchased a new stake in shares of TruBridge during the 2nd quarter worth about $78,000. New York State Common Retirement Fund purchased a new stake in shares of TruBridge during the 2nd quarter worth about $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in TruBridge in the second quarter valued at approximately $128,000. Finally, State of Wyoming acquired a new stake in TruBridge in the second quarter valued at approximately $161,000. 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.