TruBridge (TBRG) Expected to Announce Earnings on Thursday

TruBridge (NASDAQ:TBRG - Get Free Report) is expected to announce its earnings results 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. Individual interested in registering for the company's earnings conference call can do so using this link.

TruBridge Stock Down 3.5 %

TBRG traded down $1.04 on Friday, hitting $29.05. 266,409 shares of the company were exchanged, compared to its average volume of 150,046. The firm has a 50-day moving average price of $23.94 and a two-hundred day moving average price of $17.51. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. TruBridge has a twelve month low of $7.55 and a twelve month high of $31.40. The company has a market cap of $433.57 million, a price-to-earnings ratio of -7.10, a price-to-earnings-growth ratio of 5.38 and a beta of 0.69.

Insider Buying and Selling

In other news, major shareholder Pinetree Capital Ltd. bought 74,981 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $27.61 per share, for a total transaction of $2,070,225.41. Following the completion of the transaction, the insider now owns 693,981 shares in the company, valued at $19,160,815.41. This trade represents a 12.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have purchased 116,728 shares of company stock valued at $3,239,879. Corporate insiders own 3.60% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TBRG shares. Barclays increased their price target on TruBridge from $10.00 to $14.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Stephens lifted their target price on shares of TruBridge from $13.00 to $17.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th.

TruBridge Company Profile

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.