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

TruBridge, Inc. (NASDAQ:TBRG) has been given an average rating of “Hold” by the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.8750.

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

Insider Buying and Selling

In related news, major shareholder Pinetree Capital Ltd. purchased 75,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $22.40 per share, for a total transaction of $1,680,000.00. Following the acquisition, the insider directly owned 2,075,000 shares in the company, valued at $46,480,000. The trade was a 3.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 130,000 shares of company stock worth $2,932,400. Insiders own 10.70% of the company’s stock.

Institutional Trading of TruBridge

Several large investors have recently modified their holdings of TBRG. Martin & Co. Inc. TN raised its position in shares of TruBridge by 14.7% in the 3rd quarter. Martin & Co. Inc. TN now owns 425,009 shares of the company’s stock valued at $8,572,000 after purchasing an additional 54,401 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of TruBridge by 89.9% during the second quarter. Acadian Asset Management LLC now owns 253,665 shares of the company’s stock worth $5,937,000 after buying an additional 120,106 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of TruBridge during the second quarter worth approximately $1,792,000. Los Angeles Capital Management LLC bought a new stake in shares of TruBridge in the second quarter worth $1,517,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in TruBridge by 203.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 24,430 shares of the company’s stock valued at $573,000 after acquiring an additional 16,387 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

TruBridge Stock Down 2.4%

Shares of TBRG opened at $19.29 on Friday. TruBridge has a fifty-two week low of $17.86 and a fifty-two week high of $32.00. The company’s fifty day moving average is $20.75 and its two-hundred day moving average is $20.66. The firm has a market cap of $289.54 million, a PE ratio of 101.53 and a beta of 0.64. The company has a quick ratio of 1.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.89.

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.