CareCloud (NASDAQ:CCLD – Get Free Report)‘s stock had its “neutral” rating restated by 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 price objective would indicate a potential upside of 2.11% from the stock’s previous close.
Separately, Benchmark reissued a “buy” rating and set a $4.50 target price on shares of CareCloud in a research report on Friday, November 15th.
Get Our Latest Stock Report on CCLD
CareCloud Stock Down 8.2 %
Institutional Trading of CareCloud
Institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of CareCloud during the 3rd quarter valued at $42,000. Empowered Funds LLC increased its stake in CareCloud by 51.2% in the 4th quarter. Empowered Funds LLC now owns 61,240 shares of the company’s stock worth $224,000 after purchasing an additional 20,750 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of CareCloud in the fourth quarter worth about $252,000. Heron Bay Capital Management raised its position in CareCloud by 48.5% during the 4th quarter. Heron Bay Capital Management now owns 101,119 shares of the company’s stock valued at $370,000 after purchasing an additional 33,033 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in CareCloud by 7.0% in the 4th quarter. Renaissance Technologies LLC now owns 124,100 shares of the company’s stock worth $454,000 after purchasing an additional 8,100 shares in the last quarter. Hedge funds and other 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.
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