TruBridge (NASDAQ:TBRG) Earns “Neutral” Rating from Cantor Fitzgerald

TruBridge (NASDAQ:TBRG)‘s stock had its “neutral” rating reiterated by analysts at Cantor Fitzgerald in a research note issued on Friday,Benzinga reports.

TBRG has been the subject of a number of other reports. Wall Street Zen lowered shares of TruBridge from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Freedom Capital downgraded TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings raised TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Zacks Research cut TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $26.25 target price on shares of TruBridge in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.95.

TruBridge Price Performance

NASDAQ:TBRG remained flat at $26.24 during midday trading on Friday. The company has a market capitalization of $393.57 million, a P/E ratio of 131.20 and a beta of 1.28. 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 company’s 50 day moving average is $26.02 and its 200-day moving average is $21.99. TruBridge has a 1-year low of $13.88 and a 1-year high of $26.51.

TruBridge (NASDAQ:TBRG) last announced its earnings results 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. The firm had revenue of $86.27 million for the quarter, compared to analyst estimates of $88.52 million. TruBridge had a net margin of 0.92% and a return on equity of 18.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc purchased a new position in shares of TruBridge during the 2nd quarter worth about $26,000. FNY Investment Advisers LLC bought a new position in TruBridge during the 2nd quarter valued at about $78,000. New York State Common Retirement Fund purchased a new stake in TruBridge in the 2nd quarter worth about $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in TruBridge in the 2nd quarter worth about $128,000. Finally, R Squared Ltd bought a new stake in TruBridge in the first quarter worth about $150,000. Institutional investors own 88.64% of the company’s stock.

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.