CareCloud (NASDAQ:CCLD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CareCloud (NASDAQ:CCLD) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Several other analysts also recently weighed in on CCLD. Roth Mkm reissued a “neutral” rating and set a $3.25 target price on shares of CareCloud in a research report on Thursday, November 6th. ThinkEquity initiated coverage on shares of CareCloud in a research note on Monday, November 24th. They set a “buy” rating for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of CareCloud in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.25.

CareCloud Stock Down 1.7%

CareCloud stock opened at $2.32 on Friday. CareCloud has a 1-year low of $1.14 and a 1-year high of $4.25. The business has a fifty day moving average price of $2.88 and a 200-day moving average price of $3.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.26 and a quick ratio of 1.24. The stock has a market capitalization of $98.37 million, a price-to-earnings ratio of 58.01 and a beta of 2.05.

Institutional Investors Weigh In On CareCloud

Several hedge funds have recently bought and sold shares of CCLD. Bailard Inc. grew its holdings in CareCloud by 5.5% in the fourth quarter. Bailard Inc. now owns 88,951 shares of the company’s stock valued at $260,000 after purchasing an additional 4,665 shares during the period. State Street Corp lifted its position in shares of CareCloud by 5.0% during the 4th quarter. State Street Corp now owns 173,103 shares of the company’s stock valued at $505,000 after buying an additional 8,300 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in CareCloud by 2.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 322,018 shares of the company’s stock valued at $1,034,000 after acquiring an additional 8,979 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in CareCloud in the 3rd quarter worth $39,000. Finally, Centiva Capital LP acquired a new position in CareCloud during the third quarter worth $47,000. Hedge funds and other institutional investors own 10.16% of the company’s stock.

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.