TruBridge (TBRG) Projected to Post Earnings on Thursday

TruBridge (NASDAQ:TBRG) will likely be announcing its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $84.38 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

TruBridge Stock Down 4.2 %

NASDAQ:TBRG opened at $28.16 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. The company has a market cap of $420.29 million, a PE ratio of -6.89, a PEG ratio of 5.38 and a beta of 0.69. TruBridge has a 52-week low of $7.55 and a 52-week high of $31.67. The stock has a 50-day simple moving average of $24.16 and a 200 day simple moving average of $17.66.

Wall Street Analysts Forecast Growth

TBRG has been the subject of a number of analyst reports. Stephens raised their price target on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Barclays raised their price target on TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th.

Insider Activity

In other TruBridge news, major shareholder Pinetree Capital Ltd. acquired 74,981 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $27.61 per share, with a total value of $2,070,225.41. Following the completion of the transaction, the insider now directly owns 693,981 shares in the company, valued at approximately $19,160,815.41. This represents a 12.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 116,728 shares of company stock valued at $3,239,879 over the last three months. Insiders own 3.60% of the company’s stock.

About TruBridge

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.