TruBridge, Inc. (NASDAQ:TBRG) Receives $23.50 Consensus Price Target from Analysts

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

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

TruBridge Stock Performance

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TBRG. Nellore Capital Management LLC increased its stake in TruBridge by 22.5% during the 4th quarter. Nellore Capital Management LLC now owns 915,034 shares of the company’s stock worth $20,195,000 after buying an additional 168,002 shares during the period. Vanguard Group Inc. grew its stake in shares of TruBridge by 0.7% in the third quarter. Vanguard Group Inc. now owns 755,373 shares of the company’s stock worth $15,236,000 after acquiring an additional 4,884 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TruBridge by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 508,432 shares of the company’s stock worth $11,221,000 after acquiring an additional 37,839 shares in the last quarter. Martin & Co. Inc. TN increased its position in shares of TruBridge by 2.8% during the fourth quarter. Martin & Co. Inc. TN now owns 437,031 shares of the company’s stock worth $9,645,000 after acquiring an additional 12,022 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its position in shares of TruBridge by 175.9% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 339,000 shares of the company’s stock worth $7,482,000 after acquiring an additional 216,144 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

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.