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

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

A number of equities analysts have commented on TBRG shares. Freedom Capital downgraded shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $26.25 price target on shares of TruBridge in a research note on Friday, April 24th. Stephens lowered their price target on shares of TruBridge from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $26.25 price target on shares of TruBridge in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th.

TruBridge Stock Up 0.2%

Shares of TruBridge stock opened at $26.12 on Monday. The company has a market cap of $391.80 million, a P/E ratio of 130.60, a PEG ratio of 2.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.77 and a current ratio of 1.78. TruBridge has a one year low of $13.88 and a one year high of $26.51. The firm has a fifty day moving average of $24.12 and a two-hundred day moving average of $21.51.

TruBridge (NASDAQ:TBRG) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The company had revenue of $86.27 million during the quarter, compared to the consensus estimate of $88.52 million. TruBridge had a net margin of 0.92% and a return on equity of 18.75%. On average, analysts forecast that TruBridge will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On TruBridge

Institutional investors and hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of TruBridge during the 3rd quarter worth $1,911,000. Martin & Co. Inc. TN grew its stake in shares of TruBridge by 14.7% during the 3rd quarter. Martin & Co. Inc. TN now owns 425,009 shares of the company’s stock worth $8,572,000 after purchasing an additional 54,401 shares during the period. Rhumbline Advisers grew its stake in shares of TruBridge by 3,607.4% during the 2nd quarter. Rhumbline Advisers now owns 14,607 shares of the company’s stock worth $342,000 after purchasing an additional 14,213 shares during the period. Martingale Asset Management L P grew its stake in shares of TruBridge by 8.3% during the 4th quarter. Martingale Asset Management L P now owns 11,733 shares of the company’s stock worth $259,000 after purchasing an additional 900 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of TruBridge during the 3rd quarter worth $254,000. 88.64% of the stock is owned by institutional investors and hedge funds.

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.