Cantor Fitzgerald Reiterates Overweight Rating for TruBridge (NASDAQ:TBRG)

TruBridge (NASDAQ:TBRG)‘s stock had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $13.00 price objective on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 9.43% from the company’s previous close.

Separately, Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price target on shares of TruBridge in a report on Tuesday, September 17th.

TruBridge Trading Up 0.2 %

NASDAQ:TBRG opened at $11.88 on Friday. The stock has a market capitalization of $178.28 million, a price-to-earnings ratio of -3.37, a PEG ratio of 2.80 and a beta of 0.62. TruBridge has a 52 week low of $7.55 and a 52 week high of $17.21. The company has a quick ratio of 1.76, a current ratio of 1.77 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average of $11.98 and a 200 day moving average of $10.39.

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

Insiders Place Their Bets

In other news, major shareholder Pinetree Capital Ltd. acquired 3,997 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $11.93 per share, with a total value of $47,684.21. Following the completion of the acquisition, the insider now owns 603,997 shares of the company’s stock, valued at approximately $7,205,684.21. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On TruBridge

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBRG. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of TruBridge in the second quarter worth about $297,000. Cubist Systematic Strategies LLC purchased a new stake in shares of TruBridge during the second quarter worth approximately $740,000. Finally, Point72 DIFC Ltd acquired a new position in TruBridge in the 2nd quarter valued at $56,000. 88.64% of the stock is owned by institutional investors and hedge funds.

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.