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

TruBridge, Inc. (NASDAQ:TBRG) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $23.95.

Several brokerages have recently commented on TBRG. Weiss Ratings raised TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $26.25 price objective on shares of TruBridge in a report on Monday, April 27th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of TruBridge in a research report on Friday, July 10th. Wall Street Zen cut TruBridge from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Zacks Research downgraded TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new stake in shares of TruBridge in the 2nd quarter valued at approximately $26,000. FNY Investment Advisers LLC purchased a new stake in shares of TruBridge during the 2nd quarter worth $78,000. New York State Common Retirement Fund purchased a new stake in shares of TruBridge during the 2nd quarter worth $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of TruBridge during the second quarter worth $128,000. Finally, R Squared Ltd acquired a new position in shares of TruBridge during the first quarter worth $150,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

TruBridge Price Performance

TBRG stock opened at $26.24 on Tuesday. TruBridge has a one year low of $13.88 and a one year high of $26.51. The firm has a market cap of $393.60 million, a PE ratio of 131.20 and a beta of 1.28. The firm’s 50 day moving average price is $26.15 and its 200-day moving average price is $22.47. 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 (NASDAQ:TBRG) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $86.27 million during the quarter, compared to analyst estimates of $88.52 million. TruBridge had a return on equity of 18.75% and a net margin of 0.92%.

About TruBridge

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.