Globeflex Capital L P Buys Shares of 335,146 CareCloud, Inc. $CCLD

Globeflex Capital L P bought a new position in CareCloud, Inc. (NASDAQ:CCLD) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 335,146 shares of the company’s stock, valued at approximately $711,000. Globeflex Capital L P owned about 0.79% of CareCloud as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. HRT Financial LP acquired a new stake in CareCloud during the fourth quarter worth about $43,000. Centiva Capital LP acquired a new position in CareCloud in the 3rd quarter valued at about $47,000. Militia Capital Management LLC acquired a new position in CareCloud in the 1st quarter valued at about $54,000. American Century Companies Inc. purchased a new stake in shares of CareCloud in the 2nd quarter valued at approximately $78,000. Finally, Man Group plc acquired a new stake in shares of CareCloud during the 4th quarter worth approximately $84,000. Institutional investors and hedge funds own 10.16% of the company’s stock.

CareCloud Stock Performance

NASDAQ:CCLD opened at $2.50 on Tuesday. CareCloud, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $4.01. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.01 and a current ratio of 1.02. The company has a 50 day moving average price of $2.33 and a 200 day moving average price of $2.59. The stock has a market capitalization of $106.23 million, a P/E ratio of 35.71 and a beta of 1.51.

CareCloud (NASDAQ:CCLD) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. CareCloud had a return on equity of 27.07% and a net margin of 6.21%.The business had revenue of $31.88 million during the quarter, compared to analyst estimates of $31.85 million. CareCloud has set its FY 2026 guidance at 0.200-0.230 EPS. Equities research analysts forecast that CareCloud, Inc. will post 0.37 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CCLD shares. Wall Street Zen upgraded CareCloud from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised CareCloud from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.25.

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.