TruBridge’s (TBRG) Overweight Rating Reaffirmed at Cantor Fitzgerald

TruBridge (NASDAQ:TBRG)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a research note issued on Friday, Benzinga reports. They presently have a $13.00 target price on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 9.43% from the stock’s previous close.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of TruBridge in a research report on Tuesday, September 17th.

TruBridge Trading Up 0.2 %

Shares of TBRG stock opened at $11.88 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.76 and a debt-to-equity ratio of 0.98. TruBridge has a twelve month low of $7.55 and a twelve month high of $17.21. The company’s 50-day moving average price is $11.98 and its 200-day moving average price is $10.39. The stock has a market cap of $178.28 million, a price-to-earnings ratio of -3.37, a PEG ratio of 2.80 and a beta of 0.62.

TruBridge (NASDAQ:TBRG) last posted its earnings results on Thursday, August 8th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). TruBridge had a negative net margin of 15.93% and a positive return on equity of 6.57%. The firm had revenue of $84.73 million during the quarter, compared to analyst estimates of $80.71 million. As a group, equities analysts predict that TruBridge will post 0.56 earnings per share for the current year.

Insider Buying and Selling at TruBridge

In related news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average cost of $11.93 per share, for a total transaction of $47,684.21. Following the completion of the transaction, the insider now directly owns 603,997 shares in the company, valued at approximately $7,205,684.21. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in TruBridge during the 2nd quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in TruBridge during the 2nd quarter worth approximately $297,000. Finally, Cubist Systematic Strategies LLC purchased a new position in TruBridge in the 2nd quarter valued at approximately $740,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

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.