TruBridge (NASDAQ:TBRG) Posts Quarterly Earnings Results

TruBridge (NASDAQ:TBRG - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.34), Zacks reports. TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. The company had revenue of $87.36 million during the quarter, compared to analyst estimates of $84.38 million. TruBridge updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

TruBridge Price Performance

Shares of NASDAQ TBRG traded up $0.03 during midday trading on Friday, reaching $27.45. 66,291 shares of the company traded hands, compared to its average volume of 126,699. The stock's 50-day simple moving average is $25.60 and its 200-day simple moving average is $18.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. TruBridge has a 12 month low of $7.61 and a 12 month high of $32.00. The firm has a market cap of $409.62 million, a PE ratio of -6.71, a PEG ratio of 5.38 and a beta of 0.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TBRG shares. Cantor Fitzgerald increased their target price on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday. Stephens raised their price objective on TruBridge from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Tuesday.

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Insider Transactions at TruBridge

In other TruBridge news, major shareholder Pinetree Capital Ltd. bought 74,981 shares of the company's stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $27.61 per share, for a total transaction of $2,070,225.41. Following the transaction, the insider now owns 693,981 shares of the company's stock, valued at approximately $19,160,815.41. The trade was a 12.11 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 116,728 shares of company stock valued at $3,239,879 in the last three months. 3.60% of the stock is owned by corporate 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.