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

TruBridge (NASDAQ:TBRG)‘s stock had its “overweight” rating reaffirmed by investment analysts at Cantor Fitzgerald in a report released on Tuesday, Benzinga reports. They presently have a $13.00 price target on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 6.30% from the company’s previous close.

Separately, Royal Bank of Canada lifted their target price on TruBridge from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th.

TruBridge Stock Down 3.9 %

Shares of NASDAQ:TBRG traded down $0.50 during midday trading on Tuesday, hitting $12.23. The stock had a trading volume of 24,558 shares, compared to its average volume of 184,839. The stock has a 50-day moving average price of $10.86. TruBridge has a fifty-two week low of $7.55 and a fifty-two week high of $18.72. The company has a quick ratio of 1.93, a current ratio of 1.95 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $183.54 million, a P/E ratio of -3.48 and a beta of 0.65.

Insider Buying and Selling at TruBridge

In other news, major shareholder Pinetree Capital Ltd. acquired 14,084 shares of TruBridge stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average price of $9.72 per share, for a total transaction of $136,896.48. Following the transaction, the insider now directly owns 584,357 shares of the company’s stock, valued at approximately $5,679,950.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 139,140 shares of company stock worth $1,413,394 over the last quarter. Corporate 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.