CareCloud (NASDAQ:CCLD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CareCloud (NASDAQ:CCLD) from a hold rating to a buy rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CareCloud in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, CareCloud currently has a consensus rating of “Hold” and an average price target of $3.25.

CareCloud Trading Down 8.4%

CCLD stock opened at $2.41 on Friday. The stock has a market capitalization of $102.40 million, a price-to-earnings ratio of 34.43 and a beta of 1.51. The firm’s 50-day moving average price is $2.30 and its two-hundred day moving average price is $2.61. CareCloud has a 12-month low of $2.03 and a 12-month high of $4.01.

CareCloud (NASDAQ:CCLD) last posted its earnings results on Thursday, August 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $31.88 million during the quarter, compared to analyst estimates of $31.85 million. CareCloud had a net margin of 6.21% and a return on equity of 22.31%. CareCloud has set its FY 2026 guidance at 0.200-0.230 EPS. Equities analysts predict that CareCloud will post 0.36 EPS for the current year.

Institutional Trading of CareCloud

A number of hedge funds have recently made changes to their positions in CCLD. Essex Investment Management Co. LLC bought a new position in CareCloud during the 4th quarter valued at approximately $2,000,000. Geode Capital Management LLC boosted its holdings in CareCloud by 235.4% in the second quarter. Geode Capital Management LLC now owns 359,486 shares of the company’s stock worth $848,000 after acquiring an additional 252,299 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of CareCloud in the first quarter worth $920,000. BlackRock Inc. purchased a new stake in shares of CareCloud in the second quarter worth $486,000. Finally, Legato Capital Management LLC bought a new position in shares of CareCloud during the fourth quarter valued at $647,000. 10.16% of the stock is owned by 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.