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

Shares of TruBridge, Inc. (NASDAQ:TBRG) have earned an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $23.95.

A number of equities research analysts recently issued reports on TBRG shares. Stephens decreased their price target on shares of TruBridge from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Wall Street Zen downgraded shares of TruBridge from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. BMO Capital Markets reaffirmed a “market perform” rating and set a $26.25 price target on shares of TruBridge in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $26.25 price target on shares of TruBridge in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th.

TruBridge Stock Performance

TBRG opened at $26.05 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.78 and a quick ratio of 1.77. The company has a 50 day simple moving average of $22.98 and a two-hundred day simple moving average of $21.34. TruBridge has a 1-year low of $13.88 and a 1-year high of $26.51. The firm has a market cap of $390.75 million, a P/E ratio of 130.25, a PEG ratio of 2.24 and a beta of 1.29.

TruBridge (NASDAQ:TBRG) last issued its earnings results on Friday, May 8th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. TruBridge had a net margin of 0.92% and a return on equity of 18.75%. The firm had revenue of $86.27 million during the quarter, compared to analyst estimates of $88.52 million. Equities analysts forecast that TruBridge will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TruBridge

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC grew its holdings in shares of TruBridge by 20.9% in the first quarter. Millennium Management LLC now owns 226,172 shares of the company’s stock worth $6,224,000 after purchasing an additional 39,090 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of TruBridge in the first quarter worth about $221,000. Goldman Sachs Group Inc. grew its holdings in shares of TruBridge by 31.8% in the first quarter. Goldman Sachs Group Inc. now owns 152,668 shares of the company’s stock worth $4,201,000 after purchasing an additional 36,838 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TruBridge by 77.6% in the second quarter. Geode Capital Management LLC now owns 268,548 shares of the company’s stock worth $6,291,000 after purchasing an additional 117,298 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of TruBridge by 128.2% in the second quarter. JPMorgan Chase & Co. now owns 101,107 shares of the company’s stock worth $2,368,000 after purchasing an additional 56,805 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

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.