Royal Bank of Canada Boosts TruBridge (NASDAQ:TBRG) Price Target to $14.00

TruBridge (NASDAQ:TBRG) had its price objective boosted by Royal Bank of Canada from $13.00 to $14.00 in a research note published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Cantor Fitzgerald raised their price objective on shares of TruBridge from $11.00 to $13.00 and gave the stock an overweight rating in a report on Friday, August 9th.

TruBridge Trading Up 0.9 %

TBRG stock traded up $0.12 during midday trading on Tuesday, hitting $12.81. The stock had a trading volume of 8,997 shares, compared to its average volume of 186,239. TruBridge has a 52 week low of $7.55 and a 52 week high of $19.03. The company has a quick ratio of 1.93, a current ratio of 1.95 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $10.79. The firm has a market capitalization of $192.24 million, a price-to-earnings ratio of -3.59 and a beta of 0.65.

Insider Buying and Selling

In related news, major shareholder Pinetree Capital Ltd. purchased 55,000 shares of the stock in a transaction on Monday, July 1st. The shares were purchased at an average cost of $10.51 per share, for a total transaction of $578,050.00. Following the completion of the transaction, the insider now directly owns 1,624,545 shares of the company’s stock, valued at approximately $17,073,967.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 139,140 shares of company stock worth $1,413,394 in the last 90 days. 3.60% of the stock is owned by company insiders.

About TruBridge

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.