Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) PT at $12.03

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $12.0325.

A number of brokerages recently issued reports on CCRN. UBS Group reduced their price objective on shares of Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th. Jefferies Financial Group set a $8.65 price objective on shares of Cross Country Healthcare and gave the company a “hold” rating in a report on Thursday, December 4th. Benchmark upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, March 5th. Citigroup restated a “market outperform” rating on shares of Cross Country Healthcare in a research note on Friday, December 19th. Finally, Truist Financial set a $10.00 price objective on Cross Country Healthcare in a research note on Tuesday, December 16th.

Institutional Investors Weigh In On Cross Country Healthcare

A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in shares of Cross Country Healthcare by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after buying an additional 1,142 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Cross Country Healthcare during the 4th quarter worth about $46,000. Tower Research Capital LLC TRC lifted its holdings in Cross Country Healthcare by 422.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after buying an additional 2,899 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth about $83,000. Finally, AXQ Capital LP acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth about $109,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $9.43 on Friday. The company has a 50 day simple moving average of $8.85 and a 200-day simple moving average of $10.56. The company has a market capitalization of $304.78 million, a P/E ratio of -3.22, a P/E/G ratio of 7.40 and a beta of 0.42. Cross Country Healthcare has a 1 year low of $7.43 and a 1 year high of $15.80.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, March 4th. The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The business had revenue of $236.76 million during the quarter, compared to analyst estimates of $254.30 million. Cross Country Healthcare had a negative net margin of 9.00% and a positive return on equity of 0.13%. Cross Country Healthcare has set its Q1 2026 guidance at -0.060–0.040 EPS. As a group, research analysts expect that Cross Country Healthcare will post 0.53 EPS for the current year.

About Cross Country Healthcare

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.