CareCloud (NASDAQ:CCLD) Upgraded to “Buy” at Wall Street Zen

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

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of CareCloud in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $3.25.

CareCloud Price Performance

NASDAQ CCLD opened at $2.63 on Friday. The stock has a market capitalization of $111.75 million, a P/E ratio of 37.57 and a beta of 1.51. The firm’s 50-day moving average is $2.30 and its two-hundred day moving average is $2.62. CareCloud has a 12 month low of $2.03 and a 12 month high of $4.01.

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

Institutional Trading of CareCloud

Several hedge funds have recently made changes to their positions in CCLD. Militia Capital Management LLC acquired a new position in shares of CareCloud in the first quarter valued at approximately $54,000. Centiva Capital LP purchased a new stake in CareCloud during the 3rd quarter worth approximately $47,000. HRT Financial LP acquired a new stake in CareCloud during the 4th quarter worth approximately $43,000. Qube Research & Technologies Ltd purchased a new position in CareCloud in the 3rd quarter valued at approximately $87,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in CareCloud in the 3rd quarter valued at approximately $90,000. Institutional investors and hedge funds 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.