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

TruBridge, Inc. (NASDAQ:TBRG) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $23.95.

A number of brokerages have issued reports on TBRG. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $26.25 price objective on shares of TruBridge in a research note on Monday, April 27th. Stephens reduced their price target on TruBridge from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Freedom Capital lowered TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. BMO Capital Markets reiterated a “market perform” rating and issued a $26.25 price target on shares of TruBridge in a research note on Friday, April 24th. Finally, Zacks Research downgraded shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st.

Hedge Funds Weigh In On TruBridge

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in TruBridge in the 2nd quarter valued at approximately $26,000. New York State Common Retirement Fund purchased a new position in shares of TruBridge in the second quarter worth $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of TruBridge during the second quarter valued at $128,000. State of Wyoming purchased a new stake in shares of TruBridge during the second quarter valued at $161,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of TruBridge during the first quarter valued at $221,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

TruBridge Stock Up 0.0%

Shares of TruBridge stock opened at $26.24 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.78 and a quick ratio of 1.77. The company has a 50-day moving average of $25.91 and a 200 day moving average of $21.85. The firm has a market cap of $393.60 million, a price-to-earnings ratio of 131.20 and a beta of 1.28. TruBridge has a 1 year low of $13.88 and a 1 year high of $26.51.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Friday, May 8th. The company reported $0.59 earnings per share 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 business had revenue of $86.27 million during the quarter, compared to the consensus estimate of $88.52 million.

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.