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

Shares of TruBridge, Inc. (NASDAQ:TBRG) have received a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.8750.

A number of research analysts recently commented on TBRG shares. Wall Street Zen raised TruBridge from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Zacks Research raised shares of TruBridge from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. BMO Capital Markets initiated coverage on shares of TruBridge in a research report on Thursday, November 13th. They set a “market perform” rating and a $19.50 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of TruBridge in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada began coverage on shares of TruBridge in a research note on Friday, January 9th. They set a “sector perform” rating and a $23.00 target price for the company.

TruBridge Price Performance

Shares of TruBridge stock traded down $0.09 during trading hours on Friday, hitting $18.79. The company’s stock had a trading volume of 199,133 shares, compared to its average volume of 108,702. The company has a market cap of $282.04 million, a PE ratio of 98.90 and a beta of 0.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.91. The business has a 50 day moving average price of $20.44 and a two-hundred day moving average price of $20.64. TruBridge has a 12-month low of $17.86 and a 12-month high of $32.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TBRG. Legal & General Group Plc bought a new stake in shares of TruBridge in the second quarter worth about $26,000. First Horizon Corp bought a new position in TruBridge during the third quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey purchased a new position in TruBridge during the 2nd quarter valued at approximately $59,000. New York State Common Retirement Fund bought a new stake in TruBridge in the 2nd quarter worth approximately $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in TruBridge in the 2nd quarter worth approximately $128,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

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.