TruBridge, Inc. (NASDAQ:TBRG) Receives $23.95 Average Price Target from Analysts

TruBridge, Inc. (NASDAQ:TBRG) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $23.95.

TBRG has been the topic of a number of analyst reports. Wall Street Zen downgraded TruBridge from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Zacks Research downgraded TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $26.25 target price on shares of TruBridge in a report on Monday, April 27th. Freedom Capital downgraded TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Weiss Ratings raised shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, May 11th.

Institutional Trading of TruBridge

Several large investors have recently made changes to their positions in TBRG. Legal & General Group Plc acquired a new position in TruBridge during the second quarter valued at approximately $26,000. New York State Common Retirement Fund acquired a new position 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 2nd quarter worth $128,000. State of Wyoming bought a new stake in shares of TruBridge during the 2nd quarter worth $161,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of TruBridge during the 1st quarter worth $221,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

TruBridge Trading Down 0.0%

TBRG stock opened at $26.24 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.77 and a current ratio of 1.78. The company has a market capitalization of $393.60 million, a PE ratio of 131.20 and a beta of 1.28. TruBridge has a 52 week low of $13.88 and a 52 week high of $26.51. The company’s 50-day simple moving average is $26.00 and its 200 day simple moving average is $21.94.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Friday, May 8th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. TruBridge had a net margin of 0.92% and a return on equity of 18.75%. The company had revenue of $86.27 million for the quarter, compared to analysts’ expectations of $88.52 million.

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.