TruBridge (TBRG) to Release Quarterly Earnings on Thursday

TruBridge (NASDAQ:TBRG) is anticipated to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $84.38 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

TruBridge Trading Up 1.3 %

Shares of TruBridge stock opened at $29.30 on Thursday. The firm has a market capitalization of $437.30 million, a price-to-earnings ratio of -7.16, a PEG ratio of 5.38 and a beta of 0.69. TruBridge has a fifty-two week low of $7.55 and a fifty-two week high of $30.04. 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 stock has a 50 day moving average of $23.48 and a 200 day moving average of $17.27.

Insider Buying and Selling

In other TruBridge news, major shareholder Pinetree Capital Ltd. acquired 34,952 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $27.99 per share, with a total value of $978,306.48. Following the acquisition, the insider now owns 768,250 shares of the company’s stock, valued at $21,503,317.50. This trade represents a 4.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 116,728 shares of company stock valued at $3,239,879 over the last quarter. 3.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TBRG shares. Barclays raised their price objective on TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Stephens raised their price objective on TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th.

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.