TruBridge (NASDAQ:TBRG) Releases Earnings Results, Misses Expectations By $0.08 EPS

TruBridge (NASDAQ:TBRG - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08), Zacks reports. The company had revenue of $87.21 million for the quarter, compared to analyst estimates of $86.21 million. TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%.

TruBridge Trading Down 0.4%

TBRG traded down $0.10 during trading on Thursday, reaching $24.65. The company had a trading volume of 54,324 shares, compared to its average volume of 128,267. The firm's 50-day simple moving average is $26.15 and its 200 day simple moving average is $22.74. The company has a market cap of $368.45 million, a price-to-earnings ratio of -6.02, a PEG ratio of 5.38 and a beta of 0.65. TruBridge has a 12-month low of $8.79 and a 12-month high of $32.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens reaffirmed an "equal weight" rating and issued a $28.00 price objective on shares of TruBridge in a report on Thursday, April 10th. Cantor Fitzgerald lifted their price objective on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th.

Insider Buying and Selling

In other news, major shareholder Pinetree Capital Ltd. bought 6,795 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $28.16 per share, for a total transaction of $191,347.20. Following the completion of the purchase, the insider now directly owns 729,176 shares of the company's stock, valued at $20,533,596.16. This trade represents a 0.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher L. Fowler sold 5,100 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the sale, the chief executive officer now directly owns 142,939 shares of the company's stock, valued at approximately $3,862,211.78. The trade was a 3.45% decrease in their position. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by company insiders.

About TruBridge

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.