TruBridge (NASDAQ:TBRG) Given New $14.00 Price Target at Barclays

TruBridge (NASDAQ:TBRG) had its price objective lifted by investment analysts at Barclays from $10.00 to $14.00 in a report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 10.43% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 target price on shares of TruBridge in a report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price target on shares of TruBridge in a research report on Tuesday, September 17th.

TruBridge Trading Up 9.2 %

Shares of NASDAQ:TBRG opened at $15.63 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.76 and a current ratio of 1.77. The stock has a market capitalization of $233.82 million, a price-to-earnings ratio of -3.82, a PEG ratio of 3.11 and a beta of 0.61. TruBridge has a 1-year low of $7.55 and a 1-year high of $15.88. The company has a 50 day moving average price of $12.63 and a 200 day moving average price of $11.22.

Insider Activity at TruBridge

In other TruBridge news, major shareholder Pinetree Capital Ltd. acquired 3,997 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average cost of $11.93 per share, for a total transaction of $47,684.21. Following the transaction, the insider now owns 603,997 shares of the company’s stock, valued at $7,205,684.21. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.

Institutional Trading of TruBridge

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in TruBridge in the 3rd quarter valued at approximately $26,000. Covestor Ltd purchased a new position in shares of TruBridge during the 3rd quarter valued at $28,000. First Horizon Advisors Inc. purchased a new position in shares of TruBridge during the 3rd quarter valued at $33,000. Point72 DIFC Ltd acquired a new position in shares of TruBridge in the second quarter worth $56,000. Finally, Leavell Investment Management Inc. purchased a new stake in shares of TruBridge during the third quarter worth $203,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

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.