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

TruBridge, Inc. (NASDAQ:TBRG) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.95.

Several research analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $26.25 target price on shares of TruBridge in a report on Friday, April 24th. Wall Street Zen cut shares of TruBridge from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $26.25 target price on shares of TruBridge in a report on Monday, April 27th. Freedom Capital cut shares of TruBridge from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, Zacks Research cut shares of TruBridge from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st.

TruBridge Stock Performance

Shares of TBRG opened at $26.05 on Monday. The firm’s 50-day moving average price is $22.98 and its 200-day moving average price is $21.34. The firm has a market capitalization of $390.75 million, a price-to-earnings ratio of 130.25, a PEG ratio of 2.24 and a beta of 1.29. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.90. TruBridge has a 1-year low of $13.88 and a 1-year high of $26.51.

TruBridge (NASDAQ:TBRG) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.59 earnings per share (EPS) 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 company had revenue of $86.27 million during the quarter, compared to analysts’ expectations of $88.52 million. Sell-side analysts anticipate that TruBridge will post 1.47 EPS for the current year.

Institutional Trading of TruBridge

Several large investors have recently added to or reduced their stakes in TBRG. Legal & General Group Plc bought a new position in shares of TruBridge in the second quarter worth approximately $26,000. New York State Common Retirement Fund bought a new position in shares of TruBridge in the second quarter worth approximately $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of TruBridge in the second quarter worth approximately $128,000. State of Wyoming bought a new position in shares of TruBridge in the second quarter worth approximately $161,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of TruBridge in the first quarter worth approximately $221,000. 88.64% of the stock is currently owned by 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.