TruBridge (NASDAQ:TBRG) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of TruBridge (NASDAQ:TBRG) in a report released on Tuesday, Benzinga reports. Royal Bank of Canada currently has a $14.00 price target on the stock.

Separately, Cantor Fitzgerald reaffirmed an overweight rating and issued a $13.00 price objective on shares of TruBridge in a report on Tuesday, August 20th.

TruBridge Stock Performance

Shares of TBRG stock opened at $12.28 on Tuesday. The stock has a market capitalization of $184.29 million, a price-to-earnings ratio of -3.48, a PEG ratio of 2.79 and a beta of 0.63. TruBridge has a one year low of $7.55 and a one year high of $17.28. The company’s 50-day simple moving average is $11.73 and its 200-day simple moving average is $10.16. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.76 and a current ratio of 1.77.

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

Insiders Place Their Bets

In related news, major shareholder Pinetree Capital Ltd. bought 67,488 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $9.99 per share, for a total transaction of $674,205.12. Following the completion of the purchase, the insider now directly owns 1,569,545 shares in the company, valued at approximately $15,679,754.55. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TruBridge

Several institutional investors have recently modified their holdings of TBRG. Cubist Systematic Strategies LLC acquired a new stake in shares of TruBridge in the 2nd quarter worth about $740,000. Point72 DIFC Ltd bought a new stake in shares of TruBridge during the second quarter valued at approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of TruBridge during the second quarter valued at approximately $297,000. Institutional investors own 88.64% 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.