CareCloud, Inc. (NASDAQ:CCLD – Get Rating) – Research analysts at B. Riley issued their Q1 2023 earnings estimates for CareCloud in a research report issued to clients and investors on Tuesday, March 14th. B. Riley analyst M. Wiesenberger anticipates that the company will post earnings per share of ($0.29) for the quarter. B. Riley has a “Buy” rating on the stock. The consensus estimate for CareCloud’s current full-year earnings is ($0.62) per share. B. Riley also issued estimates for CareCloud’s Q2 2023 earnings at ($0.18) EPS, Q3 2023 earnings at ($0.10) EPS and Q4 2023 earnings at ($0.08) EPS.
Separately, HC Wainwright reissued a “buy” rating and issued a $5.00 price target on shares of CareCloud in a research report on Friday, March 3rd.
CareCloud Stock Performance
CareCloud (NASDAQ:CCLD – Get Rating) last issued its quarterly earnings results on Thursday, March 2nd. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.02). CareCloud had a net margin of 1.14% and a return on equity of 1.55%. The company had revenue of $32.53 million during the quarter, compared to analyst estimates of $33.86 million. During the same period in the previous year, the company posted ($0.01) EPS.
Insiders Place Their Bets
In related news, CEO A Hadi Chaudhry sold 2,000 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $24.89, for a total value of $49,780.00. Following the sale, the chief executive officer now owns 4,480 shares in the company, valued at $111,507.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 34.90% of the company’s stock.
CareCloud Company Profile
CareCloud, Inc operates as a healthcare information technology (IT) company. engages in the provision of an integrated suite of proprietary cloud-based electronic health records and practice management solutions. It operates through the following segments: Healthcare IT and Practice Management. The Healthcare IT offers proprietary web-based suite of services such as practice management applications, certified electronic health records solution, revenue cycle management services and mobile health applications.
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