TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Buys $100,560.17 in Stock

TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) major shareholder Pinetree Capital Ltd. acquired 11,789 shares of the firm's stock in a transaction on Friday, May 10th. The stock was acquired at an average cost of $8.53 per share, with a total value of $100,560.17. Following the acquisition, the insider now owns 511,789 shares of the company's stock, valued at $4,365,560.17. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

TruBridge Stock Down 0.7 %

Shares of TBRG stock traded down $0.06 during trading hours on Tuesday, reaching $8.80. The stock had a trading volume of 116,181 shares, compared to its average volume of 192,843. The company's 50-day simple moving average is $8.74. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $26.73. The company has a quick ratio of 1.93, a current ratio of 1.95 and a debt-to-equity ratio of 0.98.

TruBridge (NASDAQ:TBRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $85.87 million for the quarter, compared to analyst estimates of $83.50 million. TruBridge had a negative net margin of 15.27% and a positive return on equity of 8.44%. As a group, sell-side analysts predict that TruBridge, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TBRG. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $24.00 price target on shares of TruBridge in a report on Wednesday, April 10th. Royal Bank of Canada assumed coverage on TruBridge in a research note on Thursday, March 28th. They issued an "outperform" rating and a $13.00 target price for the company.

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.

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