TruBridge (NASDAQ:TBRG) Rating Lowered to “Hold” at Freedom Capital

TruBridge (NASDAQ:TBRG) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada assumed coverage on shares of TruBridge in a report on Friday, January 9th. They set a “sector perform” rating and a $23.00 price objective on the stock. Wall Street Zen cut shares of TruBridge from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research raised shares of TruBridge from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Stephens cut their price objective on shares of TruBridge from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TruBridge currently has an average rating of “Hold” and an average target price of $23.38.

TruBridge Stock Up 0.0%

TBRG stock opened at $25.77 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.79 and a debt-to-equity ratio of 0.91. TruBridge has a twelve month low of $13.88 and a twelve month high of $26.74. The company’s 50 day moving average is $18.61 and its two-hundred day moving average is $20.12. The stock has a market cap of $384.15 million, a P/E ratio of 128.85 and a beta of 0.75.

Hedge Funds Weigh In On TruBridge

A number of hedge funds have recently modified their holdings of the business. Bridgeway Capital Management LLC purchased a new position in shares of TruBridge during the fourth quarter worth approximately $247,000. AQR Capital Management LLC grew its position in shares of TruBridge by 11.0% during the fourth quarter. AQR Capital Management LLC now owns 68,767 shares of the company’s stock worth $1,518,000 after acquiring an additional 6,799 shares during the last quarter. Nellore Capital Management LLC grew its position in shares of TruBridge by 22.5% during the fourth quarter. Nellore Capital Management LLC now owns 915,034 shares of the company’s stock worth $20,195,000 after acquiring an additional 168,002 shares during the last quarter. Mangrove Partners IM LLC purchased a new position in shares of TruBridge during the fourth quarter worth approximately $313,000. Finally, Verition Fund Management LLC purchased a new position in shares of TruBridge during the fourth quarter worth approximately $258,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

TruBridge News Summary

Here are the key news stories impacting TruBridge this week:

• Positive Sentiment: IKS Health (Inventurus) announced a definitive agreement to acquire TruBridge for $26.25 per share in cash, which supports a takeover premium and provides a clear exit valuation for shareholders. IKS Health Announces Agreement to Acquire TruBridge
• Positive Sentiment: Market reaction to the acquisition news has shown strength in IKS/related names and lifted sentiment around the deal, supporting TruBridge’s share price as buyers move toward the cash consideration level. IKS Health shares surge on TruBridge acquisition announcement
• Neutral Sentiment: Trading was halted briefly for “news pending” around the deal announcement — a routine market response to material M&A news. (No link available)
• Neutral Sentiment: Reported short interest data shows no meaningful short position reported in late April, so short squeezes or aggressive short activity are not currently a driving factor.
• Negative Sentiment: Multiple investor-rights and plaintiff law firms (Kahn Swick & Foti, Ademi LLP, Halper Sadeh, Holzer & Holzer, Monteverde & Associates, and others) have opened investigations into whether the $26.25 price and the sale process are fair to public shareholders — this increases legal/regulatory risk and could complicate or delay the transaction. TruBridge Investor Alert: Kahn Swick & Foti Investigates Ademi LLP investigates TruBridge Halper Sadeh investigating TruBridge sale
• Negative Sentiment: Cantor Fitzgerald downgraded TruBridge, signaling analyst concern about deal terms, outlook, or execution risk — a factor that can weigh on sentiment and buying interest despite the announced offer. Cantor Fitzgerald downgrades TruBridge
• Negative Sentiment: Regulatory/financial-reporting concerns remain in the background: prior disclosures about delayed 10-K filings and identified errors in revenue recognition, stock‑based comp and capitalized software costs have already pressured the stock and add uncertainty around governance and deal review. Holzer & Holzer investigation of TruBridge

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.