CareCloud (NASDAQ:CCLD) Earns “Neutral” Rating from Roth Mkm

CareCloud (NASDAQ:CCLD)‘s stock had its “neutral” rating reiterated by stock analysts at Roth Mkm in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $1.50 price target on the stock, down from their prior price target of $3.50. Roth Mkm’s target price indicates a potential upside of 2.04% from the company’s previous close.

Separately, Benchmark reiterated a “buy” rating and issued a $4.50 price objective on shares of CareCloud in a research report on Friday, November 15th.

CareCloud Stock Performance

Shares of CCLD opened at $1.47 on Friday. The stock has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $3.03. CareCloud has a 52-week low of $1.01 and a 52-week high of $4.84. The firm has a market capitalization of $23.90 million, a PE ratio of -0.46 and a beta of 1.55.

Institutional Investors Weigh In On CareCloud

A number of institutional investors and hedge funds have recently made changes to their positions in CCLD. XTX Topco Ltd bought a new stake in shares of CareCloud during the 3rd quarter worth approximately $42,000. Dimensional Fund Advisors LP increased its holdings in shares of CareCloud by 31.8% during the 4th 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. Two Sigma Advisers LP acquired a new position in shares of CareCloud during the 4th quarter worth approximately $81,000. Empowered Funds LLC increased its holdings in shares of CareCloud by 51.2% during the 4th quarter. Empowered Funds LLC now owns 61,240 shares of the company’s stock worth $224,000 after acquiring an additional 20,750 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of CareCloud during the 4th quarter worth approximately $252,000. Institutional investors own 10.16% of the company’s stock.

CareCloud Company Profile

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.