Shares of CareCloud, Inc. (NASDAQ:CCLD – Get Free Report) shot up 0.5% during trading on Monday . The stock traded as high as $2.30 and last traded at $2.23. 156,107 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 176,774 shares. The stock had previously closed at $2.22.
Analysts Set New Price Targets
Several brokerages recently issued reports on CCLD. Weiss Ratings reissued a “hold (c-)” rating on shares of CareCloud in a report on Wednesday, June 24th. Wall Street Zen lowered shares of CareCloud from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.25.
View Our Latest Research Report on CCLD
CareCloud Stock Performance
CareCloud (NASDAQ:CCLD – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). CareCloud had a net margin of 7.87% and a return on equity of 24.05%. The firm had revenue of $31.27 million for the quarter, compared to analyst estimates of $30.51 million. Sell-side analysts anticipate that CareCloud, Inc. will post 0.36 earnings per share for the current fiscal year.
Institutional Trading of CareCloud
Institutional investors and hedge funds have recently made changes to their positions in the business. Militia Capital Management LLC purchased a new position in shares of CareCloud during the 1st quarter valued at approximately $54,000. Centiva Capital LP purchased a new stake in CareCloud in the 3rd quarter worth $47,000. HRT Financial LP acquired a new position in CareCloud during the fourth quarter worth $43,000. Qube Research & Technologies Ltd purchased a new position in CareCloud during the third quarter valued at $87,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in CareCloud during the third quarter valued at $90,000. 10.16% of the stock is currently owned by hedge funds and other institutional investors.
CareCloud Company Profile
CareCloud, Inc is a healthcare technology company that provides cloud-based practice management, electronic health record (EHR) and revenue cycle management (RCM) solutions to medical practices and health systems. Its flagship offering, the CareCloud Central platform, combines clinical, financial and administrative workflows into a single, unified system. The platform includes modules for scheduling, billing, coding, patient engagement and telehealth, enabling practices to streamline front- and back-office operations and improve overall practice performance.
Founded in 2009 and headquartered in Miami Beach, Florida, CareCloud serves small to mid-size physician groups and specialty clinics across the United States.
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