TruBridge (NASDAQ:TBRG) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of TruBridge (NASDAQ:TBRG) in a research note released on Wednesday morning, Benzinga reports. They currently have a $24.00 price objective on the stock.

Separately, Royal Bank of Canada started coverage on shares of TruBridge in a research note on Thursday, March 28th. They set an outperform rating and a $13.00 target price for the company.

TruBridge Stock Performance

Shares of NASDAQ:TBRG opened at $9.01 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.31 and a quick ratio of 2.30. The firm has a market capitalization of $132.00 million, a P/E ratio of -2.86 and a beta of 0.63. TruBridge has a 12-month low of $7.55 and a 12-month high of $30.95.

TruBridge (NASDAQ:TBRG) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $85.87 million during the quarter, compared to analyst estimates of $83.50 million. TruBridge had a negative net margin of 13.49% and a positive return on equity of 10.33%. As a group, analysts expect that TruBridge will post 0.99 earnings per share for the current fiscal year.

Insider Buying and Selling at TruBridge

In other news, major shareholder L6 Holdings Inc. purchased 25,500 shares of the stock in a transaction dated Monday, March 25th. The stock was acquired at an average price of $9.38 per share, for a total transaction of $239,190.00. Following the completion of the transaction, the insider now owns 1,517,700 shares of the company’s stock, valued at $14,236,026. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Glenn Tobin purchased 10,500 shares of the stock in a transaction dated Thursday, March 7th. The stock was acquired at an average price of $8.04 per share, for a total transaction of $84,420.00. Following the completion of the transaction, the director now owns 34,347 shares of the company’s stock, valued at $276,149.88. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder L6 Holdings Inc. purchased 25,500 shares of the stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of $9.38 per share, with a total value of $239,190.00. Following the transaction, the insider now directly owns 1,517,700 shares of the company’s stock, valued at approximately $14,236,026. The disclosure for this purchase can be found here. Insiders acquired a total of 364,858 shares of company stock worth $3,473,199 over the last 90 days. Insiders own 3.60% of the company’s stock.

TruBridge Company Profile

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.