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

TruBridge, Inc. (NASDAQ:TBRG) has been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.95.

TBRG has been the subject of a number of research reports. Zacks Research upgraded TruBridge from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen downgraded TruBridge from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Freedom Capital downgraded TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Weiss Ratings upgraded TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $26.25 target price on shares of TruBridge in a research report on Monday, April 27th.

Institutional Trading of TruBridge

Several hedge funds and other institutional investors have recently bought and sold shares of TBRG. Millennium Management LLC raised its holdings in TruBridge by 20.9% during the 1st quarter. Millennium Management LLC now owns 226,172 shares of the company’s stock valued at $6,224,000 after buying an additional 39,090 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in TruBridge during the 1st quarter valued at $221,000. Goldman Sachs Group Inc. raised its holdings in TruBridge by 31.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 152,668 shares of the company’s stock valued at $4,201,000 after buying an additional 36,838 shares during the period. Geode Capital Management LLC raised its holdings in TruBridge by 77.6% during the 2nd quarter. Geode Capital Management LLC now owns 268,548 shares of the company’s stock valued at $6,291,000 after buying an additional 117,298 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in TruBridge by 128.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 101,107 shares of the company’s stock valued at $2,368,000 after buying an additional 56,805 shares during the period. Hedge funds and other institutional investors own 88.64% of the company’s stock.

TruBridge Stock Down 0.2%

NASDAQ TBRG opened at $25.84 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.79 and a current ratio of 1.78. The company has a market capitalization of $387.60 million, a P/E ratio of 129.20, a P/E/G ratio of 2.22 and a beta of 1.30. TruBridge has a one year low of $13.88 and a one year high of $26.51. The stock has a 50 day moving average price of $19.94 and a 200-day moving average price of $20.58.

TruBridge (NASDAQ:TBRG) last posted its earnings results on Friday, May 8th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $86.27 million during the quarter, compared to the consensus estimate of $88.52 million. TruBridge had a return on equity of 18.75% and a net margin of 0.92%. As a group, equities analysts predict that TruBridge will post 1.47 EPS for the current fiscal year.

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.