CareCloud, Inc. (NASDAQ:CCLD - Free Report) - Investment analysts at Roth Capital cut their Q1 2025 earnings estimates for CareCloud in a research report issued on Tuesday, April 22nd. Roth Capital analyst R. Baldry now expects that the company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.08. The consensus estimate for CareCloud's current full-year earnings is $0.58 per share. Roth Capital also issued estimates for CareCloud's FY2025 earnings at $0.21 EPS.
Separately, Roth Mkm reiterated a "neutral" rating and issued a $1.50 target price (down previously from $3.50) on shares of CareCloud in a research report on Friday, March 14th.
Check Out Our Latest Report on CareCloud
CareCloud Stock Up 7.8 %
Shares of NASDAQ CCLD traded up $0.13 during trading on Friday, hitting $1.80. The company had a trading volume of 1,125,916 shares, compared to its average volume of 755,420. The stock has a fifty day simple moving average of $1.89 and a two-hundred day simple moving average of $2.78. CareCloud has a fifty-two week low of $1.01 and a fifty-two week high of $4.84. The firm has a market capitalization of $76.18 million, a price-to-earnings ratio of -0.56 and a beta of 2.00.
Hedge Funds Weigh In On CareCloud
Institutional investors and hedge funds have recently bought and sold shares of the business. Colonial River Investments LLC acquired a new position in CareCloud during the first quarter worth about $41,000. Dimensional Fund Advisors LP boosted its position in CareCloud by 31.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,096 shares of the company's stock worth $55,000 after acquiring an additional 3,641 shares during the last quarter. Johnson Investment Counsel Inc. acquired a new position in CareCloud during the first quarter worth about $70,000. Two Sigma Advisers LP acquired a new position in CareCloud during the fourth quarter worth about $81,000. Finally, Chapin Davis Inc. boosted its position in CareCloud by 284.9% during the first quarter. Chapin Davis Inc. now owns 119,269 shares of the company's stock worth $166,000 after acquiring an additional 88,285 shares during the last quarter. 10.16% of the stock is currently owned by institutional investors and hedge funds.
CareCloud Company Profile
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CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.
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