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

Shares of TruBridge, Inc. (NASDAQ:TBRG) have earned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.95.

Several equities research analysts recently issued reports on the company. Stephens cut their price target on TruBridge from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Freedom Capital lowered TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.25 price objective on shares of TruBridge in a report 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. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of TruBridge in a research report on Friday, July 10th.

TruBridge Stock Performance

NASDAQ TBRG opened at $26.24 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $393.60 million, a P/E ratio of 131.20 and a beta of 1.28. TruBridge has a 12-month low of $13.88 and a 12-month high of $26.51. The firm has a 50-day moving average price of $26.12 and a two-hundred day moving average price of $22.36.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Friday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, topping 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.

Hedge Funds Weigh In On TruBridge

Several hedge funds have recently bought and sold shares of the company. Martingale Asset Management L P increased its holdings in TruBridge by 8.3% in the 4th quarter. Martingale Asset Management L P now owns 11,733 shares of the company’s stock valued at $259,000 after buying an additional 900 shares during the period. Legal & General Group Plc bought a new stake in shares of TruBridge during the 2nd quarter worth approximately $26,000. Barclays PLC lifted its holdings in shares of TruBridge by 8.0% during the 4th quarter. Barclays PLC now owns 15,570 shares of the company’s stock worth $344,000 after acquiring an additional 1,149 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of TruBridge during the 2nd quarter worth approximately $78,000. Finally, State Street Corp boosted its position in shares of TruBridge by 1.9% during the 4th quarter. State Street Corp now owns 165,501 shares of the company’s stock worth $3,653,000 after acquiring an additional 3,020 shares in the last quarter. 88.64% of the stock is owned by institutional investors.

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.