1 day Ago By ABMN Staff
TruBridge ( NASDAQ:TBRG – Get Free Report ) ‘s stock had its “outperform” rating reissued by analysts at Royal Bank of Canada in a research report issued on Tuesday, Benzinga reports. They currently have a $14.00 target price on the stock.
Royal Bank of Canada’s price target would indicate a potential upside of 14.47% from the company’s current price. Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.
00 price objective on shares of TruBridge in a report on Tuesday, August 20th. View Our Latest Research Report on TruBridge TruBridge Price Performance TruBridge ( NASDAQ:TBRG – Get Free Report ) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.
08 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07).
The firm had revenue of $84.73 million for the quarter, compared to analysts’ expectations of $80.71 million.
TruBridge had a positive return on equity of 6.57% and a negative net margin of 15.93%.
Sell-side analysts forecast that TruBridge will post 0.56 EPS for the current year. Insiders Place Their Bets In related news, major shareholder Pinetree Capital Ltd.
purchased 67,488 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of $9.99 per share, for a total transaction of $674,205.
12. Following the acquisition, the insider now directly owns 1,569,545 shares of the company’s stock, valued at approximately $15,679,754.55.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On TruBridge Several hedge funds and other institutional investors have recently bought and sold shares of TBRG. Point72 DIFC Ltd acquired a new stake in TruBridge in the second quarter valued at $56,000. Point72 Asia Singapore Pte.
Ltd. purchased a new stake in shares of TruBridge in the 2nd quarter worth about $297,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in TruBridge in the 2nd quarter valued at about $740,000.
88.64% of the stock is owned by institutional investors and hedge funds. About TruBridge ( Get Free Report ) 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. See Also Receive News & Ratings for TruBridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TruBridge and related companies with MarketBeat.
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