TruBridge (NASDAQ:TBRG) Raised to “Hold” at BMO Capital Markets

TruBridge (NASDAQ:TBRG) was upgraded by investment analysts at BMO Capital Markets to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TruBridge in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TruBridge currently has an average rating of “Hold” and an average price target of $25.50.

TruBridge Stock Performance

Shares of TBRG opened at $20.42 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. The stock has a market cap of $306.48 million, a P/E ratio of -24.31 and a beta of 0.57. The company has a 50-day moving average of $20.09 and a two-hundred day moving average of $21.78. TruBridge has a 12-month low of $15.40 and a 12-month high of $32.00.

TruBridge (NASDAQ:TBRG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.40 by $0.48. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. The business had revenue of $86.11 million for the quarter, compared to analyst estimates of $85.56 million. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that TruBridge will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On TruBridge

A number of hedge funds and other institutional investors have recently made changes to their positions in TBRG. Legal & General Group Plc purchased a new position in TruBridge during the second quarter worth about $26,000. First Horizon Corp purchased a new stake in TruBridge in the 3rd quarter valued at about $42,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in TruBridge in the 2nd quarter valued at about $59,000. New York State Common Retirement Fund acquired a new position in shares of TruBridge during the 2nd quarter valued at about $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of TruBridge during the 2nd quarter worth about $128,000. Hedge funds and other institutional investors own 88.64% 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.