Analysts Set TruBridge, Inc. (NASDAQ:TBRG) Price Target at $20.17
by Renee Jackson · The Cerbat GemTruBridge, Inc. (NASDAQ:TBRG – Get Free Report) has earned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.1667.
A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a report on Wednesday, January 28th. Stephens cut their target price on TruBridge from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Zacks Research upgraded shares of TruBridge from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen upgraded shares of TruBridge from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 18th. Finally, Royal Bank Of Canada began coverage on shares of TruBridge in a research note on Friday, January 9th. They issued a “sector perform” rating and a $23.00 price objective for the company.
Check Out Our Latest Report on TBRG
TruBridge Stock Down 1.4%
Shares of NASDAQ:TBRG opened at $22.86 on Friday. The firm has a market capitalization of $340.77 million, a PE ratio of 114.30 and a beta of 0.75. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.79 and a current ratio of 1.81. TruBridge has a 52-week low of $13.88 and a 52-week high of $26.74. The firm has a fifty day moving average of $18.26 and a 200 day moving average of $20.01.
TruBridge (NASDAQ:TBRG – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.38. TruBridge had a return on equity of 17.32% and a net margin of 0.90%.The business had revenue of $87.79 million for the quarter, compared to the consensus estimate of $87.60 million. As a group, research analysts anticipate that TruBridge will post 1.47 EPS for the current fiscal year.
Institutional Trading of TruBridge
Several institutional investors have recently added to or reduced their stakes in TBRG. Martingale Asset Management L P grew its stake in shares of TruBridge by 8.3% during the fourth quarter. Martingale Asset Management L P now owns 11,733 shares of the company’s stock valued at $259,000 after buying an additional 900 shares during the last quarter. Legal & General Group Plc bought a new position in TruBridge during the 2nd quarter worth approximately $26,000. Barclays PLC grew its position in TruBridge by 8.0% during the 4th quarter. Barclays PLC now owns 15,570 shares of the company’s stock worth $344,000 after acquiring an additional 1,149 shares during the last quarter. First Horizon Corp purchased a new position in TruBridge in the 3rd quarter worth approximately $42,000. Finally, State Street Corp increased its stake in TruBridge by 1.9% in the 4th quarter. State Street Corp now owns 165,501 shares of the company’s stock worth $3,653,000 after purchasing an additional 3,020 shares during the period. 88.64% of the stock is currently owned by hedge funds and other institutional investors.
TruBridge Company Profile
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.