TruBridge (NASDAQ:TBRG) Price Target Raised to $14.00

TruBridge (NASDAQ:TBRG) had its target price lifted by Barclays from $10.00 to $14.00 in a research note released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price target on shares of TruBridge in a research report on Tuesday, September 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $13.00 target price on shares of TruBridge in a research report on Friday, October 4th.

TruBridge Stock Up 1.0 %

Shares of NASDAQ TBRG opened at $15.79 on Monday. The company has a market capitalization of $236.22 million, a P/E ratio of -3.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.61. TruBridge has a 52-week low of $7.55 and a 52-week high of $16.19. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. The company’s 50 day moving average price is $12.69 and its 200-day moving average price is $11.25.

Insider Activity at TruBridge

In related news, major shareholder Pinetree Capital Ltd. bought 3,997 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of $11.93 per share, for a total transaction of $47,684.21. Following the transaction, the insider now directly owns 603,997 shares of the company’s stock, valued at approximately $7,205,684.21. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of TruBridge

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in TruBridge during the 3rd quarter valued at $26,000. Covestor Ltd bought a new stake in shares of TruBridge in the 3rd quarter worth $28,000. First Horizon Advisors Inc. bought a new stake in shares of TruBridge in the 3rd quarter worth $33,000. Point72 DIFC Ltd bought a new position in TruBridge during the second quarter valued at about $56,000. Finally, FMR LLC bought a new position in TruBridge during the third quarter valued at about $85,000. Institutional investors own 88.64% of the company’s stock.

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.