Analysts Set TruBridge, Inc. (NASDAQ:TBRG) Price Target at $23.50

Shares of TruBridge, Inc. (NASDAQ:TBRG) have earned a consensus rating of “Reduce” from the five research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $23.50.

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada began coverage on shares of TruBridge in a research note on Friday, January 9th. They issued a “sector perform” rating and a $23.00 target price for the company. Zacks Research raised TruBridge from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TruBridge in a report on Wednesday, January 28th. Finally, Wall Street Zen raised TruBridge from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 18th.

Institutional Investors Weigh In On TruBridge

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nellore Capital Management LLC grew its stake in shares of TruBridge by 22.5% during the fourth quarter. Nellore Capital Management LLC now owns 915,034 shares of the company’s stock worth $20,195,000 after acquiring an additional 168,002 shares during the last quarter. Vanguard Group Inc. raised its position in shares of TruBridge by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 755,373 shares of the company’s stock valued at $15,236,000 after purchasing an additional 4,884 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of TruBridge by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 508,432 shares of the company’s stock valued at $11,221,000 after purchasing an additional 37,839 shares during the last quarter. Martin & Co. Inc. TN boosted its stake in TruBridge by 2.8% in the 4th quarter. Martin & Co. Inc. TN now owns 437,031 shares of the company’s stock worth $9,645,000 after purchasing an additional 12,022 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its stake in TruBridge by 175.9% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 339,000 shares of the company’s stock worth $7,482,000 after purchasing an additional 216,144 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

TruBridge Price Performance

NASDAQ:TBRG opened at $14.07 on Wednesday. The company’s 50-day simple moving average is $18.76 and its 200-day simple moving average is $20.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.91. TruBridge has a fifty-two week low of $14.05 and a fifty-two week high of $28.50. The stock has a market capitalization of $211.19 million, a P/E ratio of 74.06 and a beta of 0.63.

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.