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

Cantor Fitzgerald restated their overweight rating on shares of TruBridge (NASDAQ:TBRG - Free Report) in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has a $24.00 price objective on the stock.

Separately, Royal Bank of Canada started coverage on shares of TruBridge in a report on Thursday, March 28th. They issued an outperform rating and a $13.00 price target on the stock.

TruBridge Stock Performance

Shares of TBRG stock traded down $0.10 during trading hours on Wednesday, reaching $9.01. 165,528 shares of the company's stock were exchanged, compared to its average volume of 204,366. The company has a market cap of $132.00 million, a PE ratio of -2.86 and a beta of 0.63. The company has a current ratio of 2.31, a quick ratio of 2.30 and a debt-to-equity ratio of 1.05. TruBridge has a fifty-two week low of $7.55 and a fifty-two week high of $30.95.

TruBridge (NASDAQ:TBRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $85.87 million for 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%. Analysts expect that TruBridge will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder L6 Holdings Inc. acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average price of $9.88 per share, with a total value of $988,000.00. Following the transaction, the insider now owns 1,094,000 shares of the company's stock, valued at approximately $10,808,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TruBridge news, major shareholder L6 Holdings Inc. purchased 100,000 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was bought at an average price of $9.88 per share, with a total value of $988,000.00. Following the transaction, the insider now directly owns 1,094,000 shares of the company's stock, valued at approximately $10,808,720. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn Tobin purchased 10,500 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was acquired at an average cost of $8.04 per share, with a total value of $84,420.00. Following the transaction, the director now directly owns 34,347 shares in the company, valued at $276,149.88. The disclosure for this purchase can be found here. Insiders bought a total of 364,858 shares of company stock valued at $3,473,199 in the last 90 days. Company 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.